Telenor Satellite has announced that its acquisition by Space Norway has been ratified following approval from the Norwegian Parliament. The transaction was closed with the formal signing of the agreement on January 4th. The purchase by Space Norway gives Telenor Satellite an industrial owner with the relevant strategic focus to realise the company’s potential in […]
Spanish defence contractor Indra is reportedly looking to buy Madrid-based satellite operator Hispasat. The report, from Spanish business newspaper Cinco Dias, says that Indra is looking to dispose of €800 million-worth of assets in order to free up cash to make the bid. Hispasat is majority-owned by Spanish power generator Red Electra which holds an […]
Nasdaq has received a Delisting Notice saying that US pay-TV operator Dish Network is no longer trading in terms of its shares, effective December 29th 2023. Dish, along with its ‘sister’ company EchoStar, both majority controlled by founder Charlie Ergen, are in the process of merging and the actual merger was expected to happen on […]
In a move that will further bolster its growing streaming business, with the international rollout of Max beginning in the next few months, Warner Bros Discovery (WBD) has acquired BluTV, an SVoD service in Turkey. The announcement follows three years of extensive partnership, which started in 2021 with the launch of discovery+ on BluTV and an […]
A proposed merger between Slam Corp, backed by former US professional baseball player Alex Rodriguez, and direct-to-smartphone operator Lynk Global, has hit a potential problem. Slam is a special purpose acquisition company (SPAC) and which raised $575 million (€522.6m) back in November 2021 and intended to secure an investment opportunity. Slam has now had to […]
The United Football League (UFL), the spring US football league that will result from the merger of the XFL and USFL, has been unveiled. The 2024 season for the UFL is set to kick off on March 30th. Russ Brandon, former President and CEO of the XFL, will lead the UFL as President and CEO. […]
UK’s Zegona, owner of Vodafone Spain, has asked Brussels for access to surplus assets from Orange-MásMóvil under the same conditions as the Romanian operator Digi. According to Expansión, Zegona has requested that European authorities grant a similar deal to Digi’s with both merging companies so that Vodafone can gain broadband and mobile customers from Orange […]
Lionsgate is demerging its studio business into a company that will trade on the Nasdaq in a deal that values the business at $4.6 billion (€4.18bn), including debt. The acquisition by Screaming Eagle Acquisition. a special purpose acquisition company, will create Lionsgate Studios, owner of franchise properties including the The Hunger Games, John Wick (pictured) […]
Studio giants Warner Bros Discovery (WBD) and Paramount Global are in early merger talks according to reports. A resultant deal would create a company with a market value of some $38bn (€34.7bn). It is understood that WBD President & CEO David Zaslav and Paramount CEO Bob Bakish discussed a possible deal over lunch in New […]
Abu Dhabi’s Yahsat (Al Yah Satellite) is planning to merge with Bayanat, which specialises with geospatial imagery and analytics. The combined company will trade as Space42. The news has more than a few surprises. First is that Yahsat will be the junior partner in the deal. The second is that the combined business has hired […]