A major Joint Venture from Reliance Jio, the giant Indian telco, and satellite operator SES, which will see Jio use the SES capacity for broadband connectivity for its Indian customers. Investment bank Exane/BNPP says the move is a major endorsement for SES and in particular its mPower fleet of satellites. The bank says: “The endorsement […]
Pan-European broadcaster RTL Group has reached an agreement with Central European Media Enterprises (CME) for the sale of RTL Croatia. The transaction is subject to regulatory approvals and is expected to close in the second quarter of 2022. The total consideration to be paid at closing amounts to €50 million. In addition, RTL Group will […]
Back in November 2021, California-based Viasat, a major broadband satellite operator, announced it had reached an agreement to acquire London-based Inmarsat. The deal was worth some $7.3 billion (£6.3bn) in a mix of cash, shares and assumption of Inmarsat’s debt. Now the acquisition is under threat according to reports. The problem is that small print […]
Vodafone has priced the sale of its Spanish subsidiary Vodafone Spain at €7 billion, according to El Independiente. Vodafone is weighing both a sale and a joint-venture with the creation of a new company on a 50/50 basis. Back in 2020 the company explored this latter possibility with MásMóvil but its plan failed as the […]
Discovery’s proposed acquisition of TV and film studio WarnerMedia has passed the US Department of Justice’s antitrust review, clearing another hurdle toward closing. The $43 billion (€37.59bn) deal, which was first announced in May 2021, received unconditional antitrust clearance from the European Commission in December. WarnerMedia parent AT&T Corp has also received a letter from […]
Two Circles has announced the acquisition of LiveWire Sport – the agency delivering content for the Premier League, Wimbledon, World Rugby and the ECB. LiveWire will become the content vertical of Two Circles – led by LiveWire co-founders Andy McKenzie, Caroline Cheese, Dan Warren, Jonathan Stevenson and Pranav Soneji – taking Two Circles’ headcount across […]
Orange Spain, Spain’s second largest network, is exploring a merger with MásMóvil, the fourth largest telco, according to local reports. Both companies would share 50 per cent of the new group, including MasMovil’s shareholders: buyout funds KKR, Cinven and Providence. The resulting company would approach Telefonica in szie, and leapfrog Vodafone, currently the third largest. […]
The planned purchase by Nvidia of software giant Arm Holdings from Japan’s SoftBank has been scrubbed. The financial community had for some time been doubtful that the deal would go ahead given that any combined semiconductor company was certain to face regulatory scrutiny. The cancellation also brings into question as to what SoftBank’s next move […]
Connected TV advertising delivery and measurement platform Innovid and converged TV measurement and attribution platform TVSquared have entered into a definitive agreement in which Innovid will acquire TVSquared in a cash and stock transaction valued at approximately $160 million (€140m). With the industry calling for a more transparent and accountable TV ecosystem, the companies said […]
Although recent reports had suggested that streaming service DAZN was on the verge of clinching a deal to acquire BT Sport, Discovery has emerged as the frontrunner, with confirmation from BT that it has entered into exclusive discussions with Discovery regarding a new joint venture between BT Sport and Eurosport UK. The telco also revealed […]