Southwind Group, parent company of the Chinese Hontai Capital, is reportedly weighing up selling its 80 per cent stake in Spanish TV group Mediapro, just one year after its acquisition. The Chinese group paid around €1 billion for the majority of the shares in the company, the other owners are UK`s WPP and the founders […]
Xsolla, a video game commerce company, has announced its strategic acquisition of Lightstream, Rainmaker, and API.stream from Videndum, the parent company. These innovative sets of tools are designed to revolutionise the landscape of content creation and distribution. Xsolla says this acquisition underscores its recognition of the value creators bring to the gaming ecosystem and is […]
Jellysmack, a company specialising in social video creation, optimisation and distribution, has announced the acquisition of the Law&Crime Network, the multi-platform legal and true crime video network and production company that includes streaming and cable television programming, founded by egal analyst and television host Dan Abrams. Law&Crime’s YouTube is the #1 channel for live trial footage […]
Connected technology specialist Vantiva, formerly known as Technicolor, has entered into a call option agreement with comms technologist CommScope to acquire CommScope’s Home Networks division, a provider of devices that supply residential connectivity and video set-top box solutions. The planned acquisition of CommScope Home Networks represents a transformational transaction for Vantiva, as it would significantly […]
Sony Group has said that the completion of the India merger between Zee Entertainment Enterprises Ltd (ZEEL) and Culver Max Entertainment, which is Sony Pictures Networks India, will take a few more months. The much-awaited merger was previously expected by the end of September. The Zee/Sony merger was approved by the National Company Law Tribunal […]
Stonepeak, an investment firm specialising in infrastructure and real assets, and Cellnex Telecom, a european operator of wireless telecommunications infrastructure, have reached an agreement for Stonepeak to acquire a 49 per cent interest in Cellnex Sweden and Cellnex Denmark (Cellnex Nordics) for € 730 million. Cellnex will continue to manage the day-to-day business of Cellnex […]
Eutelsat Communications has announced the completion of its all-share combination with OneWeb, the global low Earth orbit (LEO) satellite communications network, following the approval at the Ordinary and Extraordinary General Meeting of Eutelsat shareholders in Paris. The combination forms Eutelsat Group. The company remains headquartered in Paris. OneWeb will be a subsidiary operating commercially as […]
Mweb, a major South African internet service provider and one of the nation’s oldest, is being acquired by Webafrica. The agreement has been signed and is now awaiting approval from the country’s Competition Commissioner. Terms of the deal have not been disclosed. The purchase, if approved, will double the size of Webafrica, adding more than […]
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 […]