Paramount Global is considering the sale of a majority stake in BET Media Group, which includes the BET cable network, BET Studios and VH1, according to Reuters. BET drew expressions of interest from Byron Allen, whose Allen Media Group’s assets include The Weather Channel. Tyler Perry, the actor and producer best known for the Madea […]
Swedish streaming service SF Anytime, owned by SF Studios, has acquired the Danish streaming service Blockbuster from Nuuday. By acquiring the right to use the Blockbuster brand and all customer relationships, SF Anytime says it creates a “leading Nordic platform for digital rental and purchase of films to consumers”. The two businesses will continue to […]
Spain’s regulatory body CNMC wants the final word on the merger between Orange and MásMóvil, and has asked Brussels to let them adjudicate. CNMC argues that the regulatory body has more knowledge of current market conditions, and asserts its competence to make a decision over the operation valued at €19 billion. The European Commission (EC) […]
Investment bank Berenberg, in a report on Eutelsat, says the Paris-based satellite operator is struggling to persuade investors that its merger with OneWeb makes sense. “The transformative deal, first announced in July 2022 and planned to complete in calendar Q2/Q3 2023, changes Eutelsat’s investment case from a highly cash-generative, dividend-paying value stock to a non-cash-generative, […]
The much-delayed merger between India’s Sony and Zee Entertainment (ZEEL) has not – yet – hit the buffers. Zee’s MD Punit Goenk has said that he expects a timely completion of a merger. However, ZEEL told a tribunal on February 24th that its merger with Sony’s India division will “get stuck” due to the initiation […]
Equativ, the independent ad platform, has announced Bridgepoint as its new principal investor. Following strong growth in 2022, Equativ reached net recurring revenues of $100 million, achieving year-on-year organic growth of 30 per cent and tripling its revenues over the past three years. Equativ says its partnership with will “accelerate its mission to help publishers […]
Prague-based PPF Group has acquired a 9.1% stake in German broadcaster ProSiebenSat.1 Media. The international investment group, that’s also the parent company of CME, said: “PPF is looking forward to liaising with the management and supervisory board of ProSieben in this digitalisation process. PPF is an active investor in the telecommunications, media, and technology (TMT) […]
The total mergers and acquisitions (M&A) value in the global technology, media, and telecom (TMT) sector during 2022 saw a year-on-year (YoY) nosedive by 33 per cent from $1.26 trillion in 2021 to $841 billion in 2022, according to data and analytics company GlobalData. An analysis by the company reveals that ‘cloud’ and ‘internet advertising’ […]
Accedo, the video experience specialist, has acquired the assets of eyecandylab, a provider of extended reality (XR) solutions. eyecandylab’s products and solutions help customers leverage the potential of new innovative use cases for XR. Michael Lantz, CEO, Accedo, commented: “We are thrilled to be joining forces with eyecandylab. Our strategic roadmap and vision of the […]
Ahead of the European Commission’s closed-door hearing on the Microsoft-Activision merger in Brussels, Communications Workers of America (CWA) President Chris Shelton has sent a letter to Margrethe Vestager, Executive Vice President of the European Commission, urging her to consider seriously the positive impact the merger could have on the video game labour market, as workers […]