Deutsche Telekom has reported it continues to grow in all key performance indicators, and has raised its guidance for the full year and plans to pay out a higher dividend. In Q3 revenue increased by 0.7 per cent year-on-year in organic terms – i.e., excluding exchange rate fluctuations and changes in the composition of the […]
Telefónica Group has launched a takeover bid for its subsidiary in Germany Telefónica Deutschland. The Spanish group wants to acquire a futher 28.19 per cent to take full control at an estimated cost of nearly €2 billion. Telefónica Group currently has a 71.81 per cent stake in Telefónica Deutschland, one of Telefónica’s global crown jewels […]
Sony Interactive Entertainment (SIE) has entered into an agreement to acquire iSIZE, a UK-based company specialising in deep learning for video delivery. iSIZE builds AI-powered solutions to deliver bitrate savings and quality improvements for the media and entertainment industry. SIE says the acquisition provides it with significant expertise in applying machine learning to video processing, […]
The Walt Disney Company is to acquire the 33 per cent stake in SVoD service Hulu held by Comcast’s NBC Universal, following Comcast’s November 1st exercise of its right under the put/call arrangement between the two companies. Disney says the acquisition of Comcast’s stake in Hulu at fair market value will further its streaming objectives. […]
New Vodafone owner Zegona has suggested that MásMóvil resume the proposed integration between the pair – they were set to merge in 2021 and 2022 – if the merger with Orange ultimately fails, according to Expansión. Zegona considers that a possible Vodafone-MásMóvil merger would be much easier since it would not need authorisation from the […]
MediaRadar, the advertising intelligence and sales enablement platform, is to acquire Kantar Group’s North American advertising intelligence unit, Vivvix. Vivvix offers advertising intelligence across both digital and traditional media channels, such as mobile apps, streaming services, and social media. MediaRadar said thus transformative deal positions it as the definitive source of advertising data and insights, […]
Broadband and media technologist Harmonic is undertaking a review of its video business, citing the need to better position Harmonic for long-term shareholder value creation. It revealed the move as it released its Q3 figures, which saw revenue down to $127.2 million (€120.5m), compared to $155.7 million in the prior year period. Broadband segment revenue […]
A major impediment to the closing of the long-awaited merger between Zee Entertainment and Sony’s Indian channel business has been removed. Indian regulator, the Securities and Exchange Board of India (SEBI), which had – in effect – banned Punit Goenka, the current MD/CEO at Zee Entertainment Enterprises (ZEEL) has been lifted after an appeal. Goenka […]
Zegona has entered into binding agreements with Vodafone Europe for the acquisition of 100 per cent of Vodafone Spain for €5 billion. Zegona says it will fund the acquisition through a combination of new debt, Vodafone Financing and a new equity raise: – Zegona has entered into committed debt financing of €4.2 billion and a […]
SEPI, Spain’s industrial public entity, is planning to acquire a 5 per cent stake in Telefónica. The move is aimed at strengthening the presence of the State in a “strategic company” such as Telefónica at a time when Saudi’s STC is taking an important stake in the operator, subject to the Government’s approval. According to […]