Category archives for: Business

BSkyB starts cash-raising roadshow

September 2nd sees the first of BSkyB’s financial roadshow presentations take place with the aim of raising the extra cash it needs to buy Sky Deutschland and Sky Italia. Financial reports suggest that BSkyB is looking to raise $2 billion. Last week BSkyB mandated three banks (Barclays, JP Morgan and Morgan Stanley) to lead the effort. BSkyB raised some £6.6 […]

Vivendi picks Telefonica for GVT sale

Vivendi has picked Telefonica for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia. Telefonica will fold GVT into its Brazilian mobile phone carrier Vivo to create the country’s biggest telecom group. It will then use GVT’s pay-TV and broadband know-how and its broad network to chase higher-value customers and keep […]

Hispasat drops Spacecom bid

Madrid-based Hispasat has scrubbed its bid for Israel’s SpaceCom which operates the Amos fleet of satellites. Spanish newsletter ‘El Confidencial’ says that the bid, worth some €390 million, had failed because of the differences between the bid and SpaceCom’s asking price. Also cited in the report were anxieties over the Gaza and Israel conflict. Other concerns are said to be […]

Liberty’s Ziggo buy ‘will be cleared’

Liberty Global will be given permission to take over its Dutch competitor Ziggo by the European Commission. However, the approval will be conditional on Liberty Global selling its Film 1 channel to head off competition concerns, according to Bloomberg. Liberty Global made a formal offer of €34.53 a share for Dutch cable market leader Ziggo in January. Ziggo was formed […]

TiVo increases Q2 revenues

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TiVo reported higher Q2 revenue as the DVR specialist benefited from worldwide growth and am increased customer base. For the quarter ended July 31st, TiVo reported a profit of $9.3 million compared with $268.9 million a year earlier. The year-ago period included $276 million in net income from its settlement with Cisco and Motorola over patent claims. Total revenue increased […]

Discovery, Eurosport distribution teams merge

Discovery Networks Central & Eastern Europe, Middle East and Africa (CEEMEA), a division of Discovery Communications, has announced that there will now be a combined distribution team selling a joint portfolio of 22 channels across Central & Eastern Europe, Middle East and Africa. Under the leadership of VP Distribution Oxana Yanushkovskaya, the team is now responsible for distribution of the […]

shomi SVoD from Rogers, Shaw

Canadian media companies Shaw Communications and Rogers Communications are teaming up to launch shomi, a new subscription video-on-demand service, which they say ups the ante in entertainment with the latest, most exclusive shows and selections personalised for users. Available initially on tablet, mobile, online, Xbox 360 and set-top boxes, shomi will launch in beta first to Rogers and Shaw Internet […]

Amazon buys Twitch live games

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Amazon.com is to acquire live video gamers platform Twitch Interactive in a $970 million cash deal. In July 2014, more than 55 million unique visitors viewed more than 15 billion minutes of content on Twitch produced by more than 1 million broadcasters, including individual gamers, pro players, publishers, developers, media outlets, conventions and stadium-filling esports organisations. “Broadcasting and watching gameplay […]

DISH warns of Comcast/TWC merger ‘harms’

Citing irreparable harm to competition and consumers, DISH Network has petitioned the Federal Communications Commission (FCC) to deny the merger of Comcast Corp. and Time Warner Cable. The petition to deny outlines, among other things, the critical role high-speed broadband plays in the video industry and the potential for the merger to significantly damage competitive development of over-the-top (OTT) video […]

November deadline for Ziggo, Liberty deal

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European Union antitrust regulators will decide by November 3rd whether to clear Liberty Global’s bid for Ziggo. The European Commission unveiled the new deadline after halting its scrutiny of the deal on August 4th while waiting for more data from the US cable company. The EU competition watchdog restarted the clock after Liberty Global tweaked its pledge not to block […]

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