Category archives for: Business

Netflix eyes next targets

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Reed Hastings, Netflix CEO, told the CTAM cable marketing summit it will decide in 2015 which European territories will be next in its five year plan to expand globally. Hastings, in Europe to promote Netflix’s latest six European launches, said moving to more territories will help it to monetise and do “more original content.” “Our pattern for the next few […]

Murdoch: I didn’t want TW deal debt

Rupert Murdoch has told his own Fox Business Network that he dropped his pursuit of Time Warner over concerns the deal would require his 21st Century Fox to take on too much debt load. Fox made an unsolicited $80 billion bid for Time Warner in July, the bid was rejected and dropped a month later. “I just felt with all […]

Fitch doubts Sony mobile rescue

Ratings agency Fitch doubts that electronics giant Sony can turn around the struggling fortunes of its mobile phone division. Sony says it will launch even ‘smarter’ so-called smartphones and a new range of high-end consumer devices. But the news might be a last throw of the dice and follows on from a massive Sony write-down of $1.65 billion, largely because […]

Telefónica finalises €4.7bn GVT acquisition

Telefónica and Vivendi have signed the final agreement for the sale of Global Village Telecom, GVT, to Telefónica, a move that reinforces the Spanish telco’s leadership in Brazil, and is expected to generate synergies of at least €4.7 billion, Both companies agreed August 29 to enter into exclusive negotiations for this transaction, which includes a cash consideration of €4.663 billion […]

Telecom Italia denies Brazil move

Telecom Italia put out a stock exchange statement Sept 17 firmly denying reports that its Brazilian subsidiary was interested in buying Oi, a Brazilian telco and satellite broadcaster. The filing denied numerous media reports that Telecom Italia was speaking to advisors about using TIM Brasil to buy Oi in a move to challenge local rival Telefonica and counter an initiative […]

Telecom Italia targets Brazil’s Oi

Telecom Italia is looking at acquiring Brazilian fixed-line telco and satellite broadcaster Oi in an attempt to boost local competitiveness and challenge Telefonica’s market position. Telecom Italia already has a small operation in Brazil (TIM Brazil) and has previously tried to buy another local operator GVT. TIM Brazil is itself under threat of take-over with America Movil, Telefonica itself as […]

Sony quadruples loss forecast

Sony has unexpectedly said its annual loss may be more than four times bigger than initially forecast. It now expects a full-year loss of 230bn yen ($2.15bn) compared with a previous estimate of 50bn yen. The loss is mainly attributed to its struggling mobile business, which has been losing money due to competition from global rivals such as Apple and […]

Fastly CDN raises $40m

Fastly, the content delivery network (CDN) engineered for the future, today announced that it has raised a $40 million round from previous investors August Capital, Battery Ventures, O’Reilly AlphaTech Ventures, and Amplify Partners, as well as new investor IDG Ventures. August Capital led the funding round. With the investment, Fastly plans to grow its team with key executive and engineering […]

Sky Deutschland boards reject BSkyB offer

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The Supervisory Board and Executive Boards of Sky Deutschland are recommending that shareholders reject the take-over offer from BSkyB. Their statement says the offer of €6.75 per share “does not reflect the long-term potential” of the company. The executive board confirmed CEO Brian Sullivan, a former BSkyB staffer and only executive shareholder in Sky Deutschland, would not participate in the […]

de Mol confirms SBS approach from Discovery

Dutch newspaper De Telegraaf says Endemol founder John de Mol is in discussions with Discovery Communications about a possible sale of his 33 per cent stake in broadcaster SBS. Publisher Sanoma Media owns the balance of SBS, and is also in talks with Discovery. SBS still runs SBS6, Veronica and Net5 channels. SBS sold its Scandinavian channels to Discovery last […]

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