The group behind the Las Vegas Sands hotel (the world’s largest operator of fully integrated resorts) has agreed to acquire three video game companies – Doppio, Oktagon, and Metagame Studio – via Fortis, a wholly owned subsidiary. The deal is said to be another step in Las Vegas Sands’ core mission to become an accessible […]
Elon Musk has taken a 9.2 per cent stake in social media platform Twitter, according to a US securities filing. The announcement sent Twitter shares soaring by more than 27 per cent in New York trading on April 4th. The SpaceX and Tesla CEO owned 73,486,938 shares in the social media platform as of March […]
Awaiting the merger with Orange to become the largest operator in Spain in terms of customers, MásMóvil has reported a net profit of €189 million versus €77 million losses in 2020 and €93 million in 2019. The company increased revenues by 28 per cent to €2.46 billion thanks to Euskaltel, with fourth quarter revenues reaching […]
24i, the end-to-end video streaming expert, has acquired UK data specialist The Filter. Co-founded by the musician, singer, songwriter, record producer and activist Peter Gabriel (pictured), The Filter’s data science, analysis and machine learning technologies help consumers to find and watch more of the video content they desire. The Filter’s managed service approach helps streaming […]
Millicom International Cellular has completed the transaction announced on April 19th 2021 for the sale of its operation in Tanzania to a consortium led by Axian, a pan-African group. In accordance with the terms of the sale, Axian has assumed ownership of the business, including its debt and other obligations, and Millicom has received net […]
Telecom Italia (TIM) has signed a non-disclosure agreement with Italian state lender Cassa Depositi e Prestiti (CDP) as it begins formal talks on the possible integration of its fixed network with that of rival Open Fiber, where CDP holds a 60 per cent stake. A series of talks have been plagued with delays and disagreements. […]
Haivision Systems, a global provider of mission-critical, real-time video streaming and networking solutions, has announced the completion of its acquisition of Aviwest, a specialist in mobile IP-based video contribution systems. Haivision says the acquisition provides its customers with a comprehensive video contribution solutions portfolio that now includes 5G transmission, mobile video contribution, and network bonding […]
RTL Group has closed the transaction to sell RTL Belgium to the Belgian media companies DPG Media and Groupe Rossel. RTL Group said the sale – first announced in June 2021 – is in line with its strategy to drive consolidation in the European TV industry to build national cross-media champions. The transaction was approved […]
Australian Tower Network (ATN), the former Singtel/Optus company, is buying Axicom for Aus$3.58 billion (€2.43bn). ATN, now co-owned by SingTel and Australian pension fund AustralianSuper, will see its stake in Axicom expand to 81 per cent. Axicom is currently majority owned by Macquarie Asset Management and runs some 2,000 tower sites located in and around […]
Cinedigm, a streaming technology and entertainment company, has closed the acquisition of Digital Media Rights (DMR), a specialty streaming, advertising, and content distribution company. The acquisition closed on March 28th with a purchase price of $16.4 million (€14.7m), payable in instalments. The company paid the first payment of $8 million in cash at closing, which […]