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 […]
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 […]
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 […]
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, […]
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 […]
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 […]