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 […]

GfK, the information services company, has entered an agreement to sell GfK Consumer Panel (CP) to the independent third-party entity YouGov in a deal worth a reported £270 million (€316m). The divestment of GfK CP addresses competition concerns by the European Commission, thus paving the way toward completion of the NIQ and GfK combination.“After careful […]

Charlie Ergen, who is chairman of both DISH Network and EchoStar, is reportedly looking to merge the two businesses. Both companies are said to have appointed advisors, according to Semafor who first reported the story. DISH Network looks after Ergen’s declining pay-TV business including its DISH Anywhere and Sling OTT services. DISH is also the […]