Virgin Media is expected to begin the sale of its content division within weeks hoping to raise £500m (E567m). The sale would include Virgin’s 50% stake in UKTV the JV with the BBC. Analysts have speculated Virgin will try again to sell non-core assets as it seeks to pay down debt. Interested parties are thought […]
Sirius XM is weighing up a refinancing offer from Liberty Media ahead of today’s deadline to repay $175m in bonds to EchoStar which was using the debt’s leverage in an attempt to take over the US satellite radio company. Liberty Media is offering a senior secured loan that will allow the bonds to be redeemed. […]
ITV is understood to have put the social networking website Friends Reunited up for sale as it faces a cash crisis amid plunging revenue. ITV snapped up Friends Reunited in 2005, before Grade arrived, in a £120m (E134m) deal. Under the terms of the deal, ITV was to pay a further £55m this year and […]
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 […]