Time Warner is close to spinning off all of its AOL Internet business, according to several reports. Although a decision has not been finalised, executives prefer spinning off the whole division rather than a part. Since Microsoft launched a bid to take over Yahoo last year, Time Warner has attempted to find potential combinations of […]
In a bizarre juxtaposition of brand names, Virgin Media's Richard Branson is said to be mulling a bid for Private Media, owner of the Playboy brand. A number of PE firms have reportedly balked at Playboy Enterprises' $300 million asking price, but Richard Branson's name has been increasingly mentioned as a prospective buyer. The company […]
From David Del Valle in Madrid Approval last week of new legislation that allows TV cross-ownership has paved the way for a planned merger between the Spanish commercial channels Sogecable-controlled Cuatro and La Sexta. Both companies have been negotiating over the last weeks to set up a holding group that would encompass the two channels […]
From Colin Mann in Cologne ActiveVideo Networks has revealed that is to acquire interactive TV platforms and tools specialist Avinity Systems BV, bringing together two leading providers of cloud-based interactive TV platforms and applications, and expanding the reach and availability of the Web-based user experiences that are redefining interactive television (iTV 2.0). The transaction will […]
Orange has confirmed it has dropped out of talks to purchase the technology for Project Kangaroo, the failed VOD joint venture from the BBC, ITV and Channel 4. France Telecom, Orange parent company, had been in discussions to acquire the technology since the UK’s Competition Commission banned the project earlier this year. However, France Telecom […]
A commercial partnership being negotiated between BBC Worldwide and Channel 4 would generate annual turnover of £800m (E895m) and a profit of £200m, John Smith, the chief executive of BBC Worldwide, told the House of Lords communications committee. That partnership would include the corporation’s commercial arm’s UK assets, including its 50% stake in the UKTV […]
Channel 4, Time Warner and BSkyB have been shortlisted as potential buyers of Virgin Media’s wholly owned VMtv channels Virgin 1, Bravo and Living. Virgin Media intends to sell the channels separately from its joint venture with BBC Worldwide, UKTV, which will be sold at a later stage. The BBC has denied interest in purchasing […]
The Channel 4 chief executive, Andy Duncan, has told MPs that he expects to have an agreement on a partnership with BBC Worldwide signed within weeks. Duncan told the culture, media and sport committee that a memorandum of understanding with the corporation’s commercial arm would be signed before the government publishes its final Digital Britain […]
DirecTV will merge with John Malone's Liberty Entertainment to simplify its ownership structure and improve its ability to pursue deals; specifically making itself a more attractive target for one of the big telcos. Liberty Entertainment will be spun off from Liberty Media as previously announced, and will now include 54 per cent of the stock […]
Richard Li has thrown in the towel on a proposed $2bn buyout of PCCW, his Hong Kong telecommunications company after a protracted legal battle, saying the saga has been "unnecessarily divisive to society". Li and state-owned China Unicom, PCCW's second-largest shareholder, said they would let the controversial HK$4.50 a share offer lapse and pay investors […]