Abu Dhabi-based satellite operator Yahsat is aquiring a minority stake in California-based eSAT Global. Yahsat has used its Thuraya subsidiary for the acquisition. eSAT Global is an Internet of Things (IoT) connectivity solutions provider that it says will bring a new disruptive, low-cost, low-latency, direct-to-satellite IoT service to the market. The service will start later […]
Following the news that Vodafone has held talks with CK Hutchison, owner of Three UK, to bring together their UK businesses, a report from data and analytics company GlobalData highlights that any potential merger faces several hurdles. Emma Mohr-McClune, Service Director of Consumer at GlobalData, commented: “The proposed joint venture (JV), to be owned 51 […]
World Rugby has acquired Rugby Pass and its global stable of digital properties as part of a wide-ranging rights deal with Sky New Zealand. RugbyPass is a destination for rugby fans across the globe, with comprehensive rugby news, analysis, shows, highlights, podcasts, documentaries, fixtures and results, and more, and currently has a combined monthly audience […]
India’s Competition Commission (CCI) has finally approved the merger between ZEE Entertainment Enterprises (ZEEL) and Sony Pictures Network India. However, the CCI has required modifications to the original $10 billion merger plan announced in December 2021. Sony’s India trading is now known as Culver Max Entertainment. The deal sees Sony own 50.86 per cent of […]
The UK’s Competition and Markets Authority (CMA) has found the proposed merger between Viasat and Inmarsat with could lead to airlines facing higher prices for on-board Wi-Fi and has asked the pair to submit proposals to address its competition concerns. The CMSA notes that Viasat and Inmarsat are two of the largest satellite communications companies […]
Content producer and distributor Banijay has entered into a Scheme Implementation Deed to acquire scripted and non-scripted multi-territory content group Beyond International Limited. Beyond has been listed on the Australian Securities Exchange since 1987, but once the Scheme is implemented it will become a wholly-owned subsidiary of Banijay and its shares will cease to be […]
Elon Musk has seemingly changed his mind about buying social media platform Twitter, and is now willing to proceed with his $44 billion (€44.7bn) takeover. In a letter to the firm, Musk indicated he has agreed to pay the price he offered earlier this year before trying to back out of the deal. The reversal […]
Spotify has acquired Ireland-based Kinzen, a specialist in protecting online communities from harmful content. Spotify says that its current partnership with Kinzen, which began in 2020, has been critical to enhancing its approach to platform safety. The company’s technology is particularly suited for podcasting and audio formats. “We’ve long had an impactful and collaborative partnership […]
Following the collapse of the planned merger between French commercial broadcasters TF1 and M6, RTL Group has announced that it has decided to keep its controlling stake in Groupe M6. The decision follows a review of strategic options after RTL Group received several financially attractive offers for its 48.3 per cent shareholding in Groupe M6. […]
Telco Vodafone Group has confirmed that it is in discussions with CK Hutchison in relation to a possible combination of its Vodafone UK operation and fellow telco Three UK. In a regulatory filing Vodafone says it notes the recent press speculation in relation to Vodafone UK and Three UK. It says the envisaged transaction would […]