Ericsson has completed the sale of its US-based subsidiary iconectiv to Koch Equity Development. The deal was first announced in August 2024. Ericsson has reported that its cash benefit from the transaction, after the settlement of anticipated taxes, transaction expenses, and other liabilities, is expected to be approximately SEK 9.9 billion (€0.89bn). Ericsson will record […]

Wurl, a specialist in the streaming TV industry, has appointed Dave Bernath as Chief Executive Officer. He succeeds Ron Gutman, who has announced his retirement. Bernath will report to Adam Foroughi, CEO of AppLovin, which acquired Wurl in 2022. Bernath brings more than two decades of experience growing audiences and building revenue strategies for a […]

EVS, a specialist in live video technology for broadcast and new media productions, has announced the strategic acquisition of US-based Telemetrics, a specialist in media production robotics. This move marks a significant step in EVS’s growth strategy, expanding its portfolio with automation solutions and reinforcing its presence in the US market. The transaction is scheduled […]

In-Flight Entertainment and connectivity supplier Anuvu, once known as Global Eagle, is being acquired by Platinum Equity, a California-based investment group. In 2021, Anuvu’s predecessor Global Eagle emerged from Chapter 11 restructuring after selling substantially all its assets to a group comprising the firm’s first-lien investors, including but not limited to certain funds managed by […]

Nexstar Media Group and TEGNA, a provider of US local news and services, have entered into a definitive agreement whereby, subject to regulatory approvals, Nexstar will acquire all outstanding shares of TEGNA for $6.2 billion (€5.3bn), inclusive of TEGNA’s net debt and estimated transaction fees and expenses. The purchase price represents a 31 per cent […]

MFE-MediaForEurope (MFE) has formally announced the results of the initial acceptance period of the voluntary public takeover offer to the shareholders of ProSiebenSat.1 Media. Additionally, PPF IM LTD, an indirect subsidiary of PPF Group, also formally announced the final results of its partial acquisition offer. Following the end of the initial acceptance period of the MFE […]

Hanwha Phasor is bankrupt. The European and US divisions of Korea’s Hanwha Systems and Hanwha Aerospace made highly sophisticated flat-panel satellite antennas but the division was closed at the end of 2024. It has now emerged that satellite hardware manufacturer SWISSto12 is buying Hanwha’s electronically steered antenna assets, but not the full business. Phasor Solutions […]

US multiplay operator WideOpenWest (WOW!) has entered into a definitive agreement under which affiliated investment funds of DigitalBridge Investments, LLC and Crestview Partners will acquire all of the outstanding shares of common stock of WOW! not already owned by Crestview and its affiliates for $5.20 (€4.48) per share in an all-cash transaction with an enterprise […]

Skydance Media and Paramount Global have completed their $8 billion merger, creating what they describe as a “premier standalone global media and entertainment company”, which will be known simply as ‘Paramount, a Skydance Corporation’. Paramount Class B shares will begin trading immediately on the Nasdaq Stock Market under the new ticker symbol ‘PSKY’. The close […]

ESPN, a subsidiary of The Walt Disney Company, and the NFL have announced a non-binding agreement under which ESPN will acquire NFL Network and certain other media assets owned and controlled by the NFL – including NFL’s linear RedZone Channel, and NFL Fantasy – in exchange for a 10 per cent equity stake in ESPN. […]