Comcast and The Walt Disney Company are to bring forward the start date to decide the valuation of Hulu from January 2024 to the end of September 2023. Chairman and CEO Brian Roberts said Comcast will base the sale of its 33 per cent stake in the joint venture on a valuation of over $30 […]
Endeavor Group Holdings and World Wrestling Entertainment (WWE) have announced that they expect to close the previously announced transaction to form TKO Group Holdings on September 12th, at which time TKO will begin trading on the New York Stock Exchange under the ticker symbol TKO. Endeavor Group – which already owns UFC – and WWE […]
Saudi Arabia’s STC Group has acquired a 9.9 per cent stake in Telefónica, making it the second biggest holder in one of the largest telcos in the world with significant presence in Spain, Germany, the UK and Brazil, for a total consideration of SAR 8.5 billion (€2.1bn). STV Group said the acquisition represents another milestone […]
UK fibre builder, nexfibre, in partnership with Virgin Media O2, has reached an agreement with fibre operator, Upp, to acquire the provider. The acquisition will boost the fibre footprint of nexfibre by 175,000 premises in the East of England and ensure investment and network build in the region continues. The all-cash deal sees Virgin Media […]
Integrasys, a specilaist in software satellite communications solutions, has announced the acquisition of Sciurus, a Spanish technology company known for its innovation, and intellectual property with state-of-the-art prototypes. Integrasys says this strategic move marks a significant step in its expansion plan, which has been steadily unfolding since 2017. The integration of Sciurus and its know-how […]
SatixFy Communications, a specialist in next-generation satellite communication systems based on in-house-developed chipsets, has announced a $60 million (€55.5m) transaction with MDA, a provider of advanced technology and services to the rapidly expanding global space industry. The strategic transaction establishes cooperation between the companies, to utilise SatixFy’s digital payload chip based technology to advanced digital […]
The Weather Company, which owns The Weather Channel, has announced it is selling its digital assets to Private Equity investors. IBM is the current owner of The Weather Channel and is selling the channel’s digital spin-off services. IBM has owned The Weather Channel since 2016. The digital elements are being acquired by Francisco Partners. IBM […]
Microsoft has submitted a new deal for review by the UK’s Competition and Markets Authority (CMA) following confirmation that its original deal to acquire Activision had been blocked to protect innovation and choice in cloud gaming. In an unusual step, Microsoft had sought to revisit the CMA’s original prohibition decision, arguing that blocking the original […]
Eutelsat has set September 28th for an Extraordinary General Meeting of shareholders designed to vote on the proposed merger between itself and OneWeb. The meeting will be held in Paris. The merger scheme was announced in July 2022. The other regulatory hurdles have been completed satisfactorily. OneWeb’s shareholders have already voted in favour of the […]
EchoStar, in the process of being merged with satellite pay-TV operator Dish Network, could be facing a Class Action of investors who are dissatisfied with the merger plan. Lawyers for the Action are saying the investigation concerns whether the EchoStar board breached its fiduciary duties to shareholders by failing to conduct a fair process prior […]