Liberty Media, which already controls US pay-radio service SiriusXM, plans to combine the two businesses, and then spin-off the radio company in a typical move by cable giant John Malone. The proposed scheme aims to spin off (or “split off”, in the words of the proposal) the then Liberty SiriusXM Group or LSXM, the group […]

ProSiebenSat.1 is upping ties with MediaForEurope as it faces an advertising downturn and competition from SVoDs. Bert Habets, CEO of the German TV network, told the FT that “meaningful co-operation” on advertising, technology and even content was underway with MFE, which is ProSieben’s largest shareholder.  A pan-European broadcast group is the longstanding ambition of Pier […]

The sale of Activision’s cloud gaming rights to Ubisoft substantially addresses previous concerns and opens the door to Microsoft’s acquisition of the games maker being cleared, according to the UK’s Competition and Markets Authority (CMA). While the CMA has identified limited residual concerns with the new deal, Microsoft has put forward remedies which the CMA […]

The much-anticipated $10 billion merger between Zee Entertainment (ZEEL) and Sony’s Indian broadcast assets should complete by December, say reports in India. The plan is for shareholders to get 85 shares of the merged entity for every 100 shares held in ZEEL after the merger. Shares of ZEEL will then be delisted and relisted after […]

British telco investment company Zegona is negotiating with Vodafone of the acquisition of Vodafone Spain in an operation valued at over €5 billion. A possible deal would be subject to agreement on final terms and funding as well as a due diligence. According to Expansion, Zegona was seeking financing for a bid for all or […]

Rivada Space Networks, based in Munich, has been facing something of a challenge lately from China and the threat from what are described as “hostile” interests over the frequencies formerly used by Kleo Connect and which Rivada is lawfully using for its mega-constellation of a total 600 satellites. Rivada has an order with Terran Orbital […]

Studio Ghibli, the celebrated Japanese animation studio founded by Hayao Miyazaki, is to become a subsidiary of Nippon Television Network. The boards of both companies have agreed that the Japanese commercial broadcast network will become Studio Ghibli’s top shareholder, with a 42.3 per cent stake. Financial details were not disclosed. Nippon TV’s Senior Operating Officer […]

The latest allegations to hinder the long-awaited merger between Zee Entertainment and Sony’s India assets are that an ‘approval’ for the merger was illegal. Axis Finance has filed a petition to the National Company Law Appellate Tribunal (NCLAT) that the l National Company Law Tribunal (NCLT) which approved the Zee-Sony merger made its decision in […]

Telia Company has entered into a final and binding agreement to sell 100 per cent of its operations and network assets in Denmark to Norlys at an enterprise value of DKK 6.25 billion (€0.84bn), on a cash and debt-free basis. The valuation is equivalent to 8.9x Telia Denmark’s 2022 reported EBITDA. Telia said the transaction, […]