Cisco has announced a definitive agreement to acquire the set-top box business of DVN Limited. Listed in Hong Kong with major operations in China, DVN is a market and technology expert in digital cable solutions in China. Under the terms of the agreement, Cisco will pay up to $44.5 million for the set-top box business […]
The Kudelski Group has issued a letter to OpenTV shareholders regarding the tender offer commenced by Kudelski in October valuing Open at $215 million. It states: "We firmly believe that our cash offer provides OpenTV shareholders immediate liquidity at a superior value to OpenTV's future prospects, particularly given the Company's current scale and R&D challenges […]
Cox Communications is expected to command close to a billion dollars for the Travel Channel. The company is entertaining bids from a number of media companies, including the News Corporation and Scripps Networks and, reportedly, at least one of the offers exceeds $900 million. When Cox was first approached about a potential sale in June, […]
EQT V, a European private equity fund, has agreed to acquire Bulgaria's two leading cable TV operators, Eurocom and CableTel. EQT V intends to merge the two entities, invest into the new company together with CableTel's current shareholder, Ron Finley, and create a major player in the Bulgarian digital TV and broadband markets. EQT V […]
Sigma Designs and CopperGate Communications have entered into a definitive agreement for Sigma to acquire CopperGate in a cash and stock transaction with an agreed value of $160 million, net of CopperGate’s cash at the closing of the transaction. CopperGate is a provider of silicon-based modem solutions enabling distribution of broadband digital content over all […]
Cisco is buying Starent Networks a supplier of IP-based mobile infrastructure solutions targeting mobile and converged carriers. Cisco will pay $35 per share for an aggregate purchase price of approximately $2.9 billion. The acquisition has been approved by the boards of directors of both companies.
From David Del Valle in Madrid Telefonica and Berlusconi-controlled Mediaset may join forces to acquire Sogecable, owner of pay-TV platform Digital Plus and commercial TV channel Cuatro, say reports in Spain. The Italian TV group would be looking to integrate Cuatro with Tele 5, controlled by Mediaset and currently leading the audience ratings. Sogecable has […]
NXP Semiconductors will take a majority stake in Trident Microsystems Inc. in a deal that combines Trident with NXP’s business of selling chip sets for televisions and set-top boxes. The two companies said that privately-held NXP will receive a 60% equity stake in Trident. NXP will get newly issued shares along with a purchase of […]
From Colin Mann in Cannes KIT digital, a leading global provider of on-demand software solutions for managing and monetising Internet Protocol (IP)-based video assets, has reached deals to acquire two of its leading competitors, Nunet of Cologne, Germany and The FeedRoom, based in New York City. The aggregate consideration paid for Nunet and The FeedRoom […]
The Kudelski Group is renewing its attempt to take full ownership of OpenTV with a higher offer valuing the interactive TV software maker at $215 million. The deal offers OpenTV shareholders $1.55 per share for the 108 million outstanding shares that Kudelski does not already own. In February Kudelski, which currently owns 27% of OpenTV’s […]