Unless a deal is struck Gilat's board of directors will meet this weekend to decide whether to continue negotiations or sue the investors who agreed to take the company private for $475m, or $11.40 per share. If Gilat opts to go to court, as many other spurned takeover targets have in the past year, it […]
Paul Broadhurst, CEO of Technetix Group, said, “We are delighted with this development as Technetix and Dalvi Technology have very complimentary skills. The Dalvi Technology assets will add a number of additional key services to our well established offering of engineering, integration and supply chain services covering all the technologies in broadband cable networks. This […]
News Corp is effectively selling around half its stake in the business to Permira as part of a complex deal. News Corp currently owns 72 per cent of NDS’s equity, controlling 96 per cent of the voting rights. Under the terms of the deal, which values NDS’s equity at $63 a share, News Corp will […]
The merger rumour surfaced following speculation that federal officials could be inclined to support it, following their approval of the XM-Sirius satellite radio merger. DirecTV and Dish attempted to merge several years ago, but the FCC rejected it in 2002 on competition grounds. In an earnings call following release of the company’s second quarter report, […]
Speculation is increasingly mounting in Spain about France Telecom’s interest in acquiring Sogecable’s pay-TV unit, Digital Plus. The telco joins names such as Rupert Murdoch, Carlos Slim and Telefónica, among others, as being linked with the operation. Sogecable’s approach to France Telecom-controlled IPTV service Orange TV with the recent launch of a triple play offer, […]
With this transaction, the first for its Home Business Unit, NXP's existing set-top box (STB) and digital TV (DTV) operations will be combined with Conexant's BMP business. NXP's Home business unit adds high-performance STB system solutions for satellite, cable and IP STB, expanding its existing portfolio in terrestrial STB, IP STB and DTV. The acquisition […]
The group reported revenues of $850.1 million, an increase of 20 per cent over the previous year, while operating income rose 21.8 per cent by the same comparison to reach $195.4 million. The number of active devices protected by NDS conditional access technology hit 90.3 million at the end of last June, whilst there were […]
The acquisition of Optibase’s digital video and streaming business for 2.6 million Scopus shares amounts to 19 per cent of its share capital. The deal increases Optibase’s stake in Scopus from 36.6 per cent to 46 per cent. The companies did not disclose the price of the deal, put on the basis of Scopus’ current […]