Canal+ Group has taken a 12 per cent stake in beleaguered Nordic pay-TV operator Viaplay Group, announcing the deal in a brief statement. No financial terms were revealed. Earlier in the day, announcing the company’s Q2 results, Jørgen Madsen Lindemann, Viaplay President & CEO, said Viaplay was adopting a new strategy and plan, which included, […]

A UK Competition and Markets Authority (CMA) panel has provisionally found software solutions specialist  Broadcom’s $61 billion (€57bn) acquisition of enterprise software provider VMware would not weaken competition in the supply of critical computer server products. The announcement follows a similar ruling on July 13th from the European Commission. Following its initial Phase 1 investigation, […]

Tele2 has announced its consolidated results for Q2 2023. The Sweden-based multi-national telco reported end-user service revenue of SEK 5.3 billion (€0.46bn) increased by 4 per cent organically compared to Q2 2022 due to strong performance in the Baltics and Sweden B2B. Total revenue was at SEK 7.2 billion, up 3 per cent organically compared […]

Responding to media speculation, UK commercial broadcaster ITV has confirmed that further to its announcement on June 16th, it continues to monitor but is no longer actively exploring the possible acquisition of TV production house All3Media. “ITV plc assesses all potential value-creating M&A opportunities against its strict financial criteria and disciplined capital allocation framework,” it […]

Giant cinema screen operator IMAX is acquiring the remaining 28.5 per cent of its Shanghai-based subsidiary it does not already own. IMAX China is currently quoted on the Hong Kong stock exchange. Imax has about 770 theatres in China. Toronto-based IMAX will see it have 100 per cent control of its Chinese unit and paying […]

Portuguese media group Media Capital has confirmed its interest in acquiring 100 per cent of peer Cofina Media. The company said it would take part in an auction or ‘another objective and transparent sales process’, organised by Cofina that takes into account the enterprise value of Cofina Media of over €75 million. The confirmation comes […]

The European Commission has approved, under the EU Merger Regulation, the proposed $61 billion (€57bn) acquisition of enterprise software provider VMware by software solutions specialist  Broadcom. The approval is conditional upon full compliance with the commitments offered by Broadcom. The decision follows an in-depth investigation of the proposed acquisition. The Commission’s investigation The Commission’s preliminary market […]

The chances of Microsoft taking over video games publisher Activision Blizzard have been boosted after a US judge rejected a request from US regulators to block the deal. The US Federal Trade Commission (FTC) asked a judge to block Microsoft’s $69 billion (€63.9bn) takeover suggesting the deal could “substantially lessen competition” in the sector. Judge […]

India’s National Company Law Tribunal (NCLT) is reserving its order on the controversial merger plan between Sony’s India division and Zee Enterprises. Sony’s local business is Culver Max Entertainment and has been planning a merger with Subhash Chandra-backed Zee Entertainment Enterprises (ZEEL). NCLT is pausing so that the two parties can make further submissions to […]

OpenVault has announced the acquisition of Nimble This and the naming of Nimble This founder Brady Volpe as Chief Product Officer. The moves create a broadband technology provider that harnesses OpenVault’s Profile Management Application (PMA) and Nimble This’s proactive network maintenance (PNM) solutions to drive broadband success through improved operator profit margins, network capacity, and […]