The US Department of Justice will join the Federal Communications Commission in reviewing Comcast’s $30 billion deal to take control of General Electric’s NBC Universal. Comcast’s proposed deal with General Electric for NBC Universal would hand the country’s number 1 cable operator control of a major broadcast network, 26 TV stations, several cable channels and […]
Creditors of indebted German cable company Orion have agreed a deal that will see Tele Columbus, one of its operating companies, sold to a new company. Shareholders of Orion will sell their shares in Tele Columbus to a special purpose vehicle funded by the company's lenders in exchange for E2.5 million according to various reports. […]
News Corp has said it will raise its stake in German pay TV operator Sky Deutschland AG to 45.4 per cent. News Corp will pay between E110 million E120 million for up to 49 million newly issued shares in the company in January. Its previous stake was just under 40 per cent.
Motorola’s sell off its set top box unit has ignited serious interest from major private equity firms. Motorola is reported to be selling the unit that had $10.1 billion in sales in 2008. Reuters reports that Bain Capital, TPG Capital, Blackstone Group and Silver Lake Partners have put in bids for the unit. There’s also […]
Irdeto, the CA/DRM specialist, has acquired Philips Electronics’ full suite of white-box cryptology patents, patent applications, software and knowledge, to significantly booster its existing IP portfolio for its Irdeto Cloakware solution.
Telecast Fiber Systems has been acquired by Belden. Both companies make cable and wiring products with a focus on the broadcast industry. Telecast specialises in fibre-optic systems. Belden has global manufacturing, sales and marketing locations.
From David Del Valle in Madrid Two TV mergers between Mediaset-controlled Tele 5 and Prisa-owned Cuatro and between Antena 3 and La Sexta will reshape the Spanish TV market as digital switch over is underway to meet the April deadline. Tele 5 and Cuatro will be the first in the consolidation process with the imminent […]
KIT digital, a global provider of on-demand software solutions for managing and monetising Internet Protocol (IP)-based video assets, has formed an operating joint venture agreement with Buenos Aires and São Paulo-based, Latinstock Digital. The two companies will jointly market products and services to clients in Latin America and throughout the KIT digital global network, effective […]
Liberty Media Corp Chief Executive Officer Greg Maffei has said the company will look at the Hollywood studio and library assets of Metro-Goldwyn-Mayer, which is considering selling itself to the highest bidder. Maffei said the company would look at MGM for a possible transaction but said the assets are not a “must-have” for its Liberty […]
General Electric has agreed to pay Vivendi $5.8 billion for the French group's 20 per cent stake in NBC Universal paving the way for the conglomerate's planned sale of 51 per cent of the US media group to Comcast. The valuation is at the high end of expectations and essentially equates to one fifth of […]