Canal+ and MultiChoice have announced that all conditions to Canal+’s 35 billion rand (€1.72bn) takeover offer for the South African TV broadcaster have been fulfilled following the completion of all necessary regulatory conditions, thus making the deal unconditional. Canal+ owned 46 per cent of MultiChoice as of September 19th, with another 2.2 per cent of […]
US Congress Energy and Commerce Committee Ranking Member Frank Pallone Jr (D-NJ), Communications and Technology Subcommittee Ranking Member Doris Matsui (D-CA), and Oversight and Investigations Subcommittee Ranking Member Yvette D. Clarke (D-NY) have called on the FCC Inspector General to launch an investigation into what they call Chairman Brendan Carr’s “illegal and unconstitutional censorship campaign”, […]
Arcade, the management company behind the social media personalities The Sidemen, has announced a seven-figure strategic investment from talent- and IP-led group Lumina Media to accelerate its expansion across EMEA. Founded in 2021 by Jordan Schwarzenberger, Sam Uwins and Aaron O’Neill, Arcade has set its sights on becoming a prevalent creator-first platform that offers creative […]
The Delaware bankruptcy court will rule today [September 22nd] on the transfer of spectrum from Ligado Networks and related businesses to AST SpaceMobile. The ruling is not unexpected because the deal was agreed in June. The hearing, before Judge Thomas Horan, will sign-off the pre-agreed resolution which sees AST pay $550 million (of which $535 […]
SES has hosted a gala evening to commemorate its acquisition of Intelsat and what the combined business means for the company’s future. Held at Luxembourg’s Mudam (The Grand Duke Jean Museum of Modern Art) the event brought together staff, clients and VIP guests. CEO Adel Al-Saleh told guests and local media that the combination marked […]
Plume has appointed former Ubiety Chief Technology Officer and NASA Jet Propulsion Laboratory (JPL) engineer Mik Cox as Senior Vice President of Technology Innovation. Cox will lead the company’s new technology innovation team. With almost half a billion devices connected to the Plume intelligent platform, Cox joins at a critical time where the company is […]
Saudi Arabia’s sovereign-backed Public Investment Fund (PIF) has bought a major slice of broadcaster MBC’s shares that it did not already own. PIF has acquired a 54 per cent stake in the broadcasting group for an aggregate price of SAR 7,469 million (€1.62bn), at a price of SAR 41.60 per share. The deal was carried […]
Nvidia has announced an investment of £2 billion (€2.3bn) in the UK market to “catalyse the nation’s AI startup ecosystem and scale the next generation of globally transformative AI businesses”. Nvidia said the new capital will be used to foster economic growth, develop more innovative AI technologies, create new companies and jobs, and empower the […]
Canada-based satellite operator Telesat has formally cancelled its plans for an additional 1,671 low Earth orbiting (LEO) satellites. Telesat has already admitted that its important geostationary DTH business is under pressure and is betting its business mainly on a new LEO fleet, called Lightspeed. Lightspeed will comprise about 200 satellites. The now cancelled 1,671 craft […]
The UK’s Public Service Broadcasters have used the occasion of the Royal Television Society Cambridge Convention to publish a joint letter calling for five specific actions they suggest will not only safeguard but, more importantly, enhance public service broadcasting. The letter reads: “The UK’s Public Service Broadcasters may be rivals when it comes to ratings, […]