John Malone's Liberty Media has offered $250m in a senior secured loan as the first step in a "multi-stage" deal to rescue Sirius XM ahead of an imminent debt deadline, the companies said in a statement. The deal offered by Liberty involves a debt for equity swap and leaves Liberty, which controls DirecTV with a […]

With some analysts doubting Setanta's future after it failed to renew both its Premiere League packages, Access Industries, which is headed by the Russian-born US citizen Len Blavatnik, is understood to have acquired a stake of about 3%. Blavatnik’s petrochemicals business, Lyondell Basell filed for bankruptcy protection last month owing $26bn. Royal Bank of Scotland […]

The deal for NDS’s biggest shareholder in partnership with private equity firm Permira to buy NDS off the market has been completed. A deal valuing the company at $3.6bn sees News Corp keep a 49% stake . NDS provides CA and DRM services across all platforms.

Milan based BS Private Equity and BS Investimenti are to acquire Tiscali’s international network business for E47 million. Parent group Tiscali has been in play for much of the last year, with BSkyB still believed to be in negotiations regarding the purchase of its UK activities with a price tag of up to £500 million. […]

The Private Media Group has completed the acquisition of GameLink, a leading US adult internet VOD and eCommerce company, in exchange for common stock of Private. "The acquisition will enhance Private's strategic digital media focus as a dominant and uniquely positioned global content production, distribution and development company in both the adult and mainstream entertainment […]

CHANNEL 4 held merger talks with telecoms group BT after it launched its IPTV service, it has emerged. The broadcaster's chairman, Luke Johnson, met Ian Livingston, chief executive of BT, on more than one occasion last year to discuss a tie-up. "They have obviously got a pipe into every home in the country, they have […]

CompleteTV, a UK company developing innovative set top technology for new generation Over-the-Top IPTV services, has announced the acquisition of the IPR and assets of CIMA Technologies. As an IPTV set top box developer, CIMA has been focused on both the IPTV and hospitality markets. CIMA has developed some highly competitive technology with its Elegance […]

Richard Li, chairman of PCCW, and his Chinese state-controlled partner have raised their offer to take the Hong Kong telecoms company private in an 11th-hour bid to win over disgruntled minority shareholders. Just before a meeting at which PCCW shareholders were expected to reject an initial buy-out proposal priced at HK$4.20 a share, Li and […]

Harmonic is acquiring Scopus Video Networks. The acquisition will extend Harmonic's worldwide customer base and strengthen its market and technology leadership, particularly in international video broadcast, contribution and distribution markets. Under the terms of the agreement, which has been approved by the Board of Directors of both companies, Harmonic will pay $5.62 in cash for […]

Macrovision Solutions Corporation, a digital entertainment specialist, has reached an agreement to sell its TV Guide Network property to Allen Shapiro and One Equity Partners for approximately $255 million, plus up to an additional $45 million payable through earn-out provisions through 2012. The transaction, expected to close no later than April 1st, 2009, includes the […]