e&, previously known as Etisalat, has acquired a controlling stake in PPF Telecom Group’s assets in a transaction valued at €2.15 billion – with additional earn-out payments of up to €350 million within three years after closing of the deal if PPF Telecom hits certain financial targets. There is a clawback of €75 million if […]

Vice Media, the digital media and broadcasting company, has completed its sale to a group of former lenders led by Fortress Investment Group, Soros Fund Management and Monroe Capital. The sale was announced back in June and is valued at $350 million (€318.9m). A company statement read: “We are very pleased to complete the acquisition […]

ZEASN, a provider of solutions and services for smart homes, has announced the acquisition of Foxxum, a provider of CTV solutions, and rlaxx TV, an international AVoD/FAST streaming service. With this strategic move, ZEASN says the strengths of all three companies are combined, positioning it as the leading independent provider of CTV operating systems (OS) […]

DoubleVerify, a software platform for digital media measurement, data and analytics, has entered into an agreement to acquire Scibids Technology, a specialist in AI-powered digital campaign optimisation. The acquisition of Scibids is a cash and stock transaction valued at $125 million (€113.8m), with additional potential consideration based on certain performance metrics. The transaction is anticipated […]

There was reportedly once an attempted takeover of OneWeb by Chinese interests. An article in the Sunday Telegraph says that the UK’s MI5 security service investigated the China involvement, and this prompted the UK government to step in and buy a major stake in OneWeb. There was also a further complication in that OneWeb is […]

Eutelsat’s full year results – to June 30th – were mixed, with its Broadcast Video division (62 per cent of income) falling y-o-y by 8.3 per cent (like-for-like, or 6.3 per cent as reported). But on the more positive side its fast-growing Mobile Connectivity segment grew 26.8 per cent (like-for-like, or 37.9 percent as reported). […]

Australia and Luxembourg-registered Kleos Space, which uses small satellites to detect and locate radio frequency signals to uncover illegal activity on land and sea, has filed for bankruptcy in Luxembourg. Trading in its shares in Australia had already been suspended on May 3. It already has 16 satellites in orbit (although there are problems with […]

Patrick Drahi’s Altice is considering an increase to his stake in BT, according to MSN. Already the biggest holder, Altice has built a 24.5 per cent stake in three tranches, most recently in May this year. Reporting says he is likely to target 29.9 per cent, above this he will be obliged to trigger a […]

It is reported ESPN has held talks with some of the most powerful leagues in US sports, including the National Football League, the National Basketball Association and Major League Baseball, about taking a minority stake in its business. The Walt Disney owned network has had exploratory talks with the leagues as it tries to figure […]