Advanced Television

M&A

Eutelsat raises capital by €1.35bn

Eutelsat, as expected, is raising €1.35 billion in fresh capital. The French state is “anchoring” the increase, which will be in place by the end of this year. The extra cash comes by way of a €716 million capital increase which would be subscribed by the French State via the Agence des Participations de l’Etat […]

June 20, 2025By Chris Forrester

SES raises €1bn towards Intelsat purchase

Satellite operator SES has raised two €500 million bonds. SES, as is usual in these cases, says it shall apply the net proceeds of the Notes towards its general corporate purposes, including, without limitation (i) financing all or part of the purchase price of the acquisition of Intelsat Holdings (including the payment of fees, costs […]

June 19, 2025By Chris Forrester

ProSiebenSat.1 Boards deem PFF offer “inadequate”

The Executive Board and the Supervisory Board of ProSiebenSat.1 Media have welcomed the partial public acquisition offer made by PPF, an indirect subsidiary of PPF Group, but say they consider the offer price “inadequate from a financial point of view”. The boards have thus decided not to make a recommendation regarding the acceptance of the […]

June 18, 2025

Airbus boss “optimistic” on Thales merger

Airbus CEO Guillaume Faury has expressed optimism that current discussions with Thales and Leonardo would end in an agreement for the three businesses’ space divisions. He said he anticipated regulatory approval will take two years. Faury was speaking at a conference session at the Paris Air Show. He specifically addressed the proposed merger, saying the […]

June 18, 2025By Chris Forrester

United Media acquires 50% equity stake in Alpha TV

United Media, part of United Group – the Southeastern European telco – has received unconditional approval from the European Commission for the acquisition of a 50 per cent equity stake in Alpha TV, a FTA TV station in Greece, from Primos Media. The remaining 50 per cent of Alpha TV is owned by Motor Oil […]

June 16, 2025

EU approves SES purchase of Intelsat

The European Union has “unconditionally” approved the SES purchase of Intelsat (for €3.1 billion plus debt) and joins the UK’s decision to permit the acquisition to go through. Approvals from the US, including permissions to reassign Intelsat’s frequency licences to SES, are still outstanding. “The Commission concluded that the transaction would not raise competition concerns […]

June 11, 2025By Chris Forrester

Disney gets Hulu for $439m

Disney has revealed in a securities filings that it will pay Comcast an additional $439 million (€384.3m) for full control of the streaming service, ending 18 months of conflict over the amount. Disney argued that it owed Comcast nothing beyond the $8.6 billion it already paid for Comcast’s 33 per cent stake — and Comcast […]

June 10, 2025

Prysmian acquires Channell

Prysmian has completed the acquisition of Channell Commercial Corporation (Channell), the US-based manufacturer of thermoplastic enclosures and fibre management solutions, for a base purchase price of $950 million (€830.4m), subject to customary adjustments as set forth in the merger agreement. Under the terms of the merger agreement, Prysmian may also be required to make an […]

June 10, 2025

Warner Bros Discovery splits in 2

Warner Bros Discovery (WBD) has announced plans to separate the company, in a tax-free transaction, into two publicly traded companies, which it says will enable each to maximise its potential. The Streaming & Studios company will consist of Warner Bros Television, Warner Bros Motion Picture Group, DC Studios, HBO and HBO Max, as well as […]

June 9, 2025

Equativ finalises merger with Sharethrough

Equativ has announced the full unification of Sharethrough into its brand and operations, forming one of the largest global independent media platforms and marketplaces, strengthening its ability to serve global advertisers and publishers with transparency, innovation, and user-first technology. Equativ has also unveiled a complete rebrand of its visual identity and website. This confirmed deal […]

June 9, 2025