Semtech has completed its acquisition of Sierra Wireless in an all-cash transaction representing a total enterprise value of approximately $1.2 billion (€1.1bn). This transaction nearly doubles Semtech’s annual revenue and adds approximately $100 million of high-margin IoT Cloud services recurring revenues. Semtech expects the acquisition to be immediately accretive to non-GAAP EPS and to generate […]
WWE, the wrestling entertainment company has hired multiple advisors to help the company’s potential sale. WWE said it has retained The Raine Group as financial advisor, Kirkland & Ellis as legal advisor, and August as strategic communications advisor to “support the management team and its Board of Directors in connection with a review of strategic […]
Australia’s Macquarie Asset Management has wrapped a deal to buy a 40 per cent stake in data centre operator Virtus. The investment, while not specified, is described as “significant”. The transaction, via Macquarie European Infrastructure Fund 7, will see Macquarie Asset Management take a 40 per cent stake to become a significant minority shareholder in […]
Rumours are circulating that WWE, the wrestling entertainment juggernaut, is set to be sold to Saudi Arabia. In a time of great upheaval for the company, January 10th saw WWE Chairman and Co-CEO Stephanie McMahon announce her resignation from the company just days after her father Vince McMahon was reinstated to the Board of Directors. […]
Orange and the Canal+ Group have signed a memorandum of understanding anticipating the acquisition by the Canal+ Group of all capital held by Orange in the OCS pay-TV package and in Orange Studio, the film and series co-production subsidiary. The Canal+ Group will become the sole shareholder of the two companies following this transaction. Orange […]
Antenna Hungária, a subsidiary of 4iG, Corvinus International Investment, representing the Hungarian State and Vodafone Europe have signed a binding sale and purchase agreement of 100 per cent shares in Vodafone Hungary. The parties have agreed on an Enterprise Value of HUF 660 billion (€1.66bn) which is 7.1 times the EBITDA of the target company […]
Canada’s Competition Tribunal has approved the C$26 billion (€18.07bn) merger between Rogers Communications and Shaw Communications. But the decision has almost immediately been met with objections. The Competition Bureau (note, not the Tribunal) has asked Canada’s Federal Court of Appeal to set aside the favourable decision and is arguing that the Tribunal has made mistakes […]
Following reports of a bid in November 2022, the assets of National Association of Television Program Executives (NATPE) have been acquired by Brunico Communications, the Canada-based operator of the Banff World Media Festival. NAPTE filed for bankruptcy protection in the autumn of 2022 after running into a financial difficulties following the cancellations of several events […]
Tata Communications is to acquire The Switch Enterprises. New York-based, The Switch is an end-to- end live video production and transmission services provider with reach to top tier sporting venues in North America. With this transaction, Tata Communications says it will gain a strong foothold into the Americas media and entertainment market, extend its portfolio […]
The European Commission (EC) has opened an in-depth investigation to assess, under the EU Merger Regulation, the proposed acquisition by semiconductor and infrastructure software solutions specialist Broadcom of enterprise software provider VMWare. The EC is particularly concerned that the transaction would allow Broadcom to restrict competition in the market for certain hardware components which interoperate […]