The European Commission has approved, under the EU Merger Regulation, the proposed $68.7 billion (€62.2bn) acquisition of Activision Blizzard by Microsoft. The approval is conditional on full compliance with the commitments offered by Microsoft, and comes some three weeks after the UK blocked the deal over concerns it would alter the future of the fast-growing cloud […]
The long-awaited merger between Zee Entertainment Enterprises Ltd (ZEEL) and Sony Pictures Networks India faces another hurdle before the agreement can be wrapped. India’s SEBI (Securities & Exchange Board of India) regulator has asked for more information and has requested the Bombay Stock Exchange and New York exchange as well as the National Company Law […]
Eutelsat says that its upcoming merger with Low-Earth orbiting constellation OneWeb will achieve estimated savings for between €1.5 billion-€1.8 billion in the two businesses’ operational costs, measured against an overall cost to Eutelsat of an estimated €4 billion in terms of acquisition and investment. The Eutelsat and OneWeb merger is on track to close during […]
Pure Flix, a faith and family streaming platform owned by Sony Pictures Television, and Great American Media, home to a portfolio of family-friendly media brands, have announced the signing of an agreement to merge the two companies. Pure Flix will become part of the merged company, with Great American Media contributing two cable networks (Great […]
Virgin Orbit, currently going through a Chapter 11 Bankruptcy Protection, says there are 30 potential bidders to buy the business. Virgin Orbit is trading under ‘Debtor in Possession’ rules, with the operating cash provided by Sir Richard Branson’s overall holding company. Virgin Orbit, in a formal filing, says there are 30 “indications of interest” including […]
The European Commission has announced an extension of 10 working days to its in-depth investigation of the proposed creation of a joint venture by Spanish telcos Orange and MásMóvil. The Commission is concerned that the transaction may reduce competition in the retail supply of mobile and fixed broadband services as well as of multiple-play bundles […]
Advent International has wrapped the purchase of satellite builder Maxar Technologies for $6.4 billion (€5.7bn). Maxar Technologies was created in 2017 from the combination of MacDonald, Dettwiler and Associates (MDA) and DigitalGlobe, with the resulting company renamed Maxar. Maxar was also the parent of Space Systems Loral (SSL) based in Palo Alto, California. The company’s […]
Tata Communications, a digital ecosystem enabler, has announced completion of the acquisition of The Switch Enterprises. The $58.8 million (€53.5m) cash transaction has been closed post customary adjustments and regulatory approvals. Tata Communications, through its wholly owned international subsidiary Tata Communications (Netherlands) B.V. entered into a definitive agreement to acquire 100 per cent equity stake […]
SES will announce its Q1 results on May 4th. Analysts from Berenberg Bank say that for the past six quarter-years the satellite operator has disappointed with at least two of its key deliverables. But the bank is still sticking to its ‘BUY’ rating, albeit with a slightly reduced price target for SES share price (of […]
Cape Town-based multinational Naspers, and its Dutch investment division Prosus, have sold 789,000 shares in China-based Tencent Holdings. Prosus, in a regulatory filing, said it now holds 25.99 per cent of Tencent. Prosus had signalled its intention as far back as mid-year 2022 as part of its plan to fund its own buy-back of shares […]