Satellite builder Maxar Technologies is being acquired by Advent International. Advent is paying $53 (€49.90) per share in cash and a total of $6.4 billion for the business. Upon closing the business will then be taken private. Private equity investor Advent is paying a 129 per cent premium over Maxar’s closing price on December 15th. […]
Berlusconi family-controlled MediaForEurope (MFE) is looking to take majority control of German commercial broadcaster ProSiebenSat.1. MFE filed its formal notification at Austria’s Federal Competition Authority (Bundeswettbewerbsbehörde) on December 13th. The filing talks about the “acquisition of de facto sole control” of the German media business. Investment bank Exane/BNPP suggests this could be a difficult move […]
Blu Digital Group, a media and entertainment industry digital supply chain company, has announced its acquisition of Dicentia Studios, a technical audiovisual services company based in Copenhagen, Denmark. Dicentia Studios specialises in content distribution, localisation, and post-production services for the European market. Dicentia Studios is both an iTunes Preferred Encoding House and a Netflix Preferred […]
Lumine Group, an indirect subsidiary of Constellation Software, has completed the carve-out acquisition of Wiztivi, a specialist in building user experiences, video applications, and cloud gaming solutions across all screens, from SFR. Wiztivi will operate as an autonomous business unit within Lumine. Lumine says this acquisition further strengthens its presence in the content & media […]
Mexican broadcaster Grupo Televisa is offering to merge its cable and broadband unit Izzi with smaller rival Megacable, according to Reuters. A stock-for-stock deal would result in Megacable’s shareholders owning about 45 per cent of the merged company with Televisa at about 55 per cent. Televisa would also offer Megacable shareholders a 14.8 billion peso […]
The US Federal Trade Commission is preparing a legal battle with Microsoft to block its plan to purchase the Activision Blizzard video game studio. Regulators cited competition concerns, saying they feared that if the deal went through, Activision Blizzard’s games would stop being offered on non-Microsoft gaming consoles. The Activision Blizzard purchase was set to […]
Would be mega-constellation operator E-Space, which wants to build 300,000 small satellites, has acquired hardware developer CommAgility. E-Space is managed by serial entrepreneur Greg Wyler. E-Space, using Rwandan frequencies, has paid $14.5 million (€13.8m) for CommAgility. The company is based in Loughborough, UK. CommAgilty has some 50 staff and the company specialises in managing systems […]
London/Singapore-based international content investment studio 108 Media has reached an agreement to acquire a majority stake of London-based film and television financing firm Piccadilly Pictures.In addition to bolstering its ambitions in Europe, 108 Media will also begin to expand the remit of their latest acquisition into emerging markets by launching Piccadilly Pictures APAC, a new […]
Amazon is reportedly interested in buying struggling French streamer Salto. Canal+ is already in the frame as a possible rescuer and now Amazon has indicated to TF1 and M6 that it is also interested in a potential buy. Amazon already distributes Salto on its Prime Video service in France and would add the 800,000 or […]
Inmarsat’s has reported its Q3 numbers with revenue up 7 per cent, and EBITDA up 17 per cent, compared to the same period last year. The high spot in its list of positive growth segments came from its In-Flight broadband and communications division which, while not the largest revenue earner, came in with 33 per […]