Telia Company has closed the sale of its TV & Media business to Schibsted, first announced in February, at an enterprise value of SEK 6.55 billion (€0.59bn) on a cash and debt-free basis. Through a multi-year distribution partnership, Telia will continue to include TV4 and MTV’s content in its consumer TV offerings. Patrik Hofbauer, Telia […]
ORS Group and Insys Video Technologies have announced the launch of a new joint brand identity: Big Blue Marble. The move reflects the evolution of a partnership between the two companies who share a mission to shape the future of media and entertainment through scalable, intuitive and cloud-native video service solutions. Emerging from a collaboration […]
Sky Europe is to sell its Sky Deutschland operation. RTL will acquire the German-language pay-TV operation which includes subscribers in Austria and Switzerland as well as Germany itself. RTL is paying an initial €150 million “with additional variable consideration linked to future value creation”. The end result for RTL will be an audience of 11.5 […]
Lynk Global is a would-be global operator of a satellite-based ‘direct-to-mobile’ phone operation. Slam Corp, founded by former MLB star Alex Rodriguez, signed a merger agreement with Lynk in February 2024. That merger is now the subject of a formal complaint from Slam which argues that Lynk has failed to complete the merger. Consequently, Slam […]
Liberty Media has received unconditional approval from the European Commission to complete its acquisition of MotoGP rights holder Dorna Sports. The deal is now expected to close no later than July 3rd, opening the door to a new era for the sport. MotoGP is already currently seeing record crowds, new venues and growing audiences. Liberty […]
A Delaware bankruptcy court on June 23rd approved the long-term acquisition by AST SpaceMobile (AST) of Ligado’s L-band spectrum over North America. The judge, Thomas Horan, was brief in saying: “I am going to grant the motion today. The motion is granted”. The motion in question was that AST would pay $568 million (€490m) to […]
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 […]
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 […]
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 […]
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 […]