Saudi Arabia’s sovereign-backed Public Investment Fund (PIF) has bought a major slice of broadcaster MBC’s shares that it did not already own. PIF has acquired a 54 per cent stake in the broadcasting group for an aggregate price of SAR 7,469 million (€1.62bn), at a price of SAR 41.60 per share. The deal was carried […]
Channel 4 has acquired Scottish Indie Firecrest Films through the newly launched Creative Investment Fund. The investment marks the first majority investment from the new Fund, which was announced in May, as part of the channel’s twin-track approach to IP ownership under its Fast Forward strategy. Firecrest Films is based in Glasgow and was founded by […]
Paramount Skydance is considering making a takeover offer for Warner Bros Discovery (WBD), reports The WSJ. The news comes just weeks after Skydance closed its merger deal with Paramount valued at over $8 billion. Paramount, led by chairman and CEO David Ellison, is reportedly preparing a majority cash bid for WBD that would be backed […]
Asian distributor, Bomanbridge Media, has finalised the acquisition of UK-based independent media group, West One International. The agreement will see West One folded into the Bomanbridge group and rebranded as Bomanbridge West. Carl Hall, founder and MD of West One, has been appointed Chief Creative Officer and will head up the European operation out of […]
Media Press Group, the European specialist in entertainment metadata solutions, has acquired MediaData TV, the Spanish market player with operations in Spain, Brazil and Mexico. This strategic move brings Media Press´ metadata processing technology to MediaData operator, streamer and broadcaster customers in Spain, Portugal, and Latin America. Media Press clients will benefit from an expanded […]
Neo Space Group (NSG), a PIF company and Saudi Arabian commercial space services provider, has entered into a definitive agreement to acquire Display Interactive (DI), an innovator in wireless in-flight entertainment and connectivity (IFEC). The acquisition will strengthen NSG’s position in the aviation market as a provider of integrated, multi-orbit solutions, underpinned by intelligent bandwidth […]
Magnite, the independent sell-side advertising company, has announced the acquisition of streamr.ai, a platform specialising in AI tools that make Connected Television (CTV) advertising accessible to Small and Medium-sized Businesses (SMBs). Magnite will offer streamr.ai’s technology to its ecosystem partners working with SMBs, including agencies, retail media networks, publishers operating buyer marketplaces, and DSPs. The […]
Minute Media, a technology and sports content company, has announced its acquisition of VideoVerse. VideoVerse’s flagship product, Magnifi, an AI-driven SaaS technology platform, enables content owners and rights holders to automatically detect key moments, create highlights in real time, and distribute compelling short-form video content efficiently. With this acquisition, Minute Media says it plans to […]
SWISSto12, an aerospace company and Original Equipment Manufacturer (OEM) of advanced satellite systems and radio frequency products, has announced the acquisition of intellectual property (IP) and key assets from Hanwha Phasor, following Hanwha Phasor’s liquidation, as first revealed in August. SWISSto12 has acquired Ku band active electronically steered antenna (AESA) user terminal technology and assets […]
MFE-MediaForEurope, the TV group controlled by Italy’s Berlusconi family, has announced the final results of the voluntary public takeover offer to the shareholders of ProSiebenSat.1 Media SE. Following the end of the additional acceptance period of the MFE offer on September 1st, MFE has secured a total stake of 75.61 per cent of ProSiebenSat.1 shares through its […]