The Competition and Markets Authority (CMA) has launched an investigation into the proposed merger between Vodafone and Three. The UK’s competition watchdog will assess whether the deal could harm consumers by leading to reduced choice or higher prices. The investigation follows an October 2023 consultation which provided an early opportunity for interested third parties to […]
Punit Goeka, CEO at Zee TV, addressed all staff on January 25th and updated them about the merger fallout, saying there would be no impact on Zee’s day-to-day business. “It is time to move on as a team, more importantly as a family. The intrinsic value and fundamentals of Zee remain unmatched,” he commented. He […]
India’s Zee Entertainment has asked Sony to come back to the negotiating table. On January 24th, despite the collapse of the merger agreement last week and legal moves already being made, Zee admitted it had urged Sony to revive the plan. The move, said by some locals to be an act of desperation and in […]
Minute Media, the technology and sports content company, has acquired STN Video, the North American specialist sports content distribution, who holds partnerships with every major league in the US alongside an online video platform. Minute Media says the acquisition of STN – reportedly valued at $150 million (€137.4m) – will bring additional technology capabilities, distribution […]
The fallout from the collapsed merger between Zee Entertainment and Sony’s India broadcasting activities continues. Zee’s share price has collapsed (down 26 per cent on January 23rd) and most local analysts suggest that Zee will be under increased financial and shareholder pressure and probable litigation. At least six Indian brokerages also said investors should sell […]
The Sony/Zee merger is dead but both parties say legal claims for compensation will be made. Sony is seeking a $90 million (€82.6m) termination fee over the collapsed deal, while Zee, in response, refuted the claims made by Sony and stressed its commitment to protecting stakeholders’ long-term interests. Zee is reported to be evaluating options […]
The long-awaited ZEEL-Sony merger is off. Despite reports over the weekend that the $10 billion merger between Zee Entertainment Ltd (ZEEL) and Sony’s Culver Max Entertainment was close, news has emerged that Sony has run out of patience and had sent a “termination letter” to ZEEL. Bloomberg is reporting that a key meeting was held […]
EchoStar, having recently merged with Dish Network, has upset some investors and creditors in Dish. An Ad-hoc grouping of Dish Network investors and holders of the company’s debt have reportedly met and drafted an agreement to band together in potential negotiations with the company. The groups are exploring legal options, including default notices under certain […]
Italian state broadcaster RAI has announced plans to sell up to 15 per cent of its majority stake in its listed broadcast tower unit, Rai Way. The move, which aims to raise funds for a new three-year business plan, will enable RAI to monetise Rai Way while retaining control. According to the public broadcaster, its […]
Amazon is taking a 15 per cent stake in Diamond Sports Group that owns television networks broadcasting league sports in some of the US’s biggest markets, expanding its footprint of live games into regional networks that carry NBA, NHL and MLB games. Amazon has agreed a $115 million (€105.9m) minority investment in the largest operator […]