Thomson is struggling to agree terms for the sale of its Grass Valley facility to US investment fund Platinum Equity, according to reports. French newspapers say the fund and the group are at odds on the level of financing required to fund the restructuring of Grass Valley Group. Other companies might be looking at the […]
Google has agreed a deal to buy the mobile advertising firm AdMob. The search giant is paying $750 million in stock for the firm in a bid to take advantage of advertising opportunities in mobile devices. AdMob specialises in selling adverts displayed on small screens for handsets such as the iPhone or the Blackberry. Google […]
International cable operator Liberty Global is to acquire Germany's second largest cable company Unitymedia in a E2 billion deal. Unitymedia has systems in the German federal states of North Rhine-Westphalia and Hesse, which are among the most prosperous and densely populated regions in Europe. Unity Media's cable footprint passes some 8.8 million homes, including ten […]
Digital TV company Kudelski has purchased approximately 60 per cent of the shares in OpenTV Corp it had not already owned for $1.55 a share, taking its voting rights to 91 per cent. In February, Kudelski had proposed buying the remainder of OpenTV’s shares for $1.35 per share, but withdrew that bid in June after […]
Motorola is to sell its Connected Home Division, including the world's biggest STB business, according to the NY Times. The newspapers says sources at Goldman Sachs and JP Morgan, hired to advise on strategic options, are now recommending a three-way split with networks being sold off and the remaining company separated between the mobile phone […]
Whoever buys Motorola's connected home business is now also going to acquire BitBand Networks, just bought by Motorola Israel for $10 million. The company’s solutions enable the provision of IP VOD. BitBand had raised $18 million from investors, and has been on the market since 2006. BitBand was founded in 2000, and currently has 80 […]
Comcast may seal a deal to buy a controlling stake in NBC Universal from General Electric within the next week say US reports. The deal, which values NBC Universal at about $30 billion, would give Comcast, the top US cable operator, a 51 per cent stake in a joint venture that would combine its small […]
Comcast may seal a deal to buy a controlling stake in NBC Universal from General Electric within the next week say US reports. The deal, which values NBC Universal at about $30 billion, would give Comcast, the top US cable operator, a 51 per cent stake in a joint venture that would combine its small […]
Scripps Networks, the owner of the Food Network and HGTV, snapped up a majority stake in the Travel Channel. Cox Communications will keep a 35% stake. The agreement between Scripps and Cox concluded a long series of bids by Scripps, the News Corporation and a number of private equity groups. "Combining the Travel Channel with […]
According to the NYT NBC and Comcast have moved closer to a deal giving control of NBC Universal to Comcast, and a formal announcement could be made sometime next week. It says the two companies reached a tentative agreement that Comcast would own about 51 percent of NBC Universal, contributing several billions of dollars in […]