Boxer, the Teracom-owned DTT platform has acquired a majority stake in its Finnish equivalent PlusTV. Existing backers Baker Capital and IT Provider Funds will remain minority shareholders. "PlusTV has established itself as a leading Finnish pay-TV operator and has great continued potential. We count on developing synergies between our businesses in Sweden, Denmark and Finland […]
Despite receiving some money against the £35m (E41m) it is owed, the English Premier League has told Setanta if it does not pay the balance by Friday, 19 June, it will put its remaining games – 46 live matches in the 09-10 season – out to tender. “In view of the shortage of time before […]
American investor Len Blavatnik is offering £20m (E23.4m) to buy some time for the beleaguered sportscaster. However the BBC reports he is demanding a 51% stake in return. Blavatnik is also involved with Top-up TV, the pay-tv channel on Freeview, and is said to have strong Russian connections.
The 'round robin' on the OpenTV non-takeover by its biggest shareholder continues. The Kudelski Group, has commented on Discovery Group's recommendation that OpenTV buys out Kudelski Group's stake in OpenTV: "The Kudelski Group confirms that it is not interested in selling its shares of OpenTV…Kudelski Group reiterates its commitment to remain OpenTV's controlling shareholder and […]
The 'round robin' on the OpenTV non-takeover by its biggest shareholder continues. The Kudelski Group, has commented on Discovery Group's recommendation that OpenTV buys out Kudelski Group's stake in OpenTV: "The Kudelski Group confirms that it is not interested in selling its shares of OpenTV…Kudelski Group reiterates its commitment to remain OpenTV's controlling shareholder and […]
Discovery Group, the largest independent shareholder of OpenTV, has sent a letter to the Board of Directors proposing that OpenTV offer to repurchase Kudelski Group's 32 per cent economic stake for $1.35 per share. Discovery's recommendation follows Kudelski's failed attempt to take full ownership of OpenTV. Discovery points to recent disclosures by Kudelski that suggest […]
Kudelski Group has been talking about its bid for the share in Open TV it doesn't already own which Open rejected as inadequate. “Based on Kudelski’s discussions with [OpenTV’s] Special Committee, Kudelski has concluded that continued discussions will not be fruitful and has therefore decided to withdraw its proposal and terminate discussions with the Special […]
An important stake in one of Taiwan's leading cable operators has been put up for sale by some of the company's foreign owners. Taiwan Broadband Communications is owned by a consortium made up of two investment funds linked to Australia's Macquarie Group and Intermediate Capital Group, a London-based provider of debt finance. According to reports, […]
OpenTV’s board of directors has rejected the bid by Kudelski SA to acquire it as “inadequate.” Kudelski, which owns a 26.7 per cent stake and holds 74.7 per cent of the voting rights in OpenTV, in February offered to buy the rest of OpenTV’s share at $1.35 per share in cash. Stock closed at $1.74 […]
Sky has reportedly tabled a £160m (E183m) bid to buy Virgin Media’s seven digital TV channels – this is said to be 60% more than any offer made by rival bidders including Channel 4, RTL, Time Warner and NBC Universal. The seven channels are Living, Living Two, Bravo, Bravo Two, Challenge, Challenge Jackpot and Virgin1. […]