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 […]
Virgin Media has published a copy of its prospectus for listing and trading on the main market of the London Stock Exchange by way of a secondary listing. It is expected that admission will become effective, and that dealings on the main market of the London Stock Exchange under the ticker symbol ‘VMED’ will commence, […]
Rupert Murdoch, James Packer and Kerry Stokes may vie for Australia's biggest pay-television network after the government said Telstra may have to sell its 50 per cent stake in Foxtel. Telstra may be barred from buying new wireless licences unless the telco sells the Foxtel stake and separates its retail and network divisions, the government […]
Taiwan Mobile, the country's second-largest phone carrier, has agreed to buy cable television operator Kbro rom Carlyle Group for $1 billion in stock and cash to become the market leader. Taiwan Mobile's plans to use its cable television business, its fastest-growing division, to boost revenue from so-called convergence services that combine phone, Internet and television. […]
The Kudelski Group has confirmed the acquisition of Medioh!, a media technology company aggregating mid-tail content, and providing a widget and content publishing platform for multimedia devices. Medioh! has built a solid media oriented web and server expertise combined with a proven track record of implementing scalable web based media systems. The company benefits from […]
Wall St is speculating General Electric is paving the way for a possible change of the ownership structure at media company NBC Universal as Vivendi's annual option to sell its 20% comes around again in November. The WSJ quoted a source: "Talk to people in the media banking community; there is a book out on […]
Bids for a majority stake in the US Travel Channel have come in substantially ahead of initial expectations, with unexpected private equity interest adding to demand from media companies in the resilient cable television industry. Second-round offers indicate that a sale of the 65 per cent stake that Cox Communications put up for sale in […]
News Corp is said to be in talks to take a stake in Arab media and entertainment group Rotana, owned by the Saudi Prince Al-Waleed bin Talal. Reports say News Corp is looking at a 20 percent stake. Rotana owns a film production company, a magazine (Rotana Magazine), television (Rotana TV), and seven music channels […]
Spain’s Telefonica is still interested in being a minority partner in the pay-TV group Digital+ the company’s chief operating officer Julio Linares has said. Telefonica previously tabled an offer for Prisa’s Digital+ along with the French group in partnership with Viviendi, but the bid was rejected by Prisa as being too low. Linares said Telefonica […]