Category archives for: M&A

AMC eyes BBC America stake

The BBC is reportedly in talks to sell a near 50 per cent stake in its flagship BBC America channel to US television group AMC Networks. BBC Worldwide, the broadcaster’s commercial arm, is said to have already entered into negotiations with AMC, home of Breaking Bad and Mad Men and owner of The Sundance Channel. A tie-up would give AMC […]

RTL acquires SpotXchange majority stake

Broadcast entertainment group RTL has made what it describes as an early entry into the rapidly growing market for programmatic online video advertising by acquiring a 65 per cent majority stake in Denver-based video advertising monetisation company SpotXchange. In addition to RTL Group’s initial €107 million investment, RTL and SpotXchange’s current shareholders have agreed on an earn-out component that might […]

Odey rejects BSkyB’s €6.75 offer

As reported last week, Odey Asset Management, which is Sky Deutschland’s 2nd-largest shareholder with 8 per cent of the business (after 21st Century Fox’s 57 per cent) is firmly rejecting the €6.75 per share offered by BSkyB. Odey argues that the amount on offer is “effectively a nil premium takeover offer”. Odey’s statement to the Stock Exchange said: “Odey Asset […]

Sky looks to Germany for growth spurt

The low-hanging fruit for ‘Sky Europe’ is in Germany, says Berenberg Bank’s senior media analyst Sarah Simon. It is this fast-track expansion probability that means that BSkyB will quickly want to absorb the 42.6 per cent minority shareholding currently not under its control. German take-over law allows a majority buyer (indeed anyone holding over 30 per cent) to offer the […]

€6.3bn Sky Europe offer

It has probably been the worst-kept stock exchange secret for some time, but the long-awaited formal news of BSkyB’s planned acquisition of Sky Deutschland and Sky Italia broke at 7am London time on July 25, and the details are now clear. The headlines are that the end results will create a 20 million subs pay-TV outfit. “The total consideration for […]

Time Warner fends off Murdoch

Time Warner doesn’t think Rupert Murdoch’s boost to his finances from selling Fox holdings in Sky Italy and Germany will be anywhere near enough to win a bid for TW. In rejecting an $85-per-share takeover bid by Murdoch’s 21st Century Fox Inc. last week, Time Warner said its own growth plan “is superior to any proposal that 21st Century Fox […]

Altice raises Numericable stake to 74.6%

Investment fund Altice has announced that its wholly-owned subsidiary, Altice France is acquiring a 34.6 per cent stake in French cable telco Numericable Group from Carlyle Cable Investments and CCI (F3) S.à r.l (Cinven), as previously announced on April 7, 2014. A first portion, representing approximately 20.6 per cent of Numericable shares out of the 34.6 per cent purchased, will […]

BSkyB ‘must pay more’ for Sky Deutschland

skydeutsch

The minority shareholders in Sky Deutschland are looking for a significant premium for their stock from BSkyB. BSkyB is looking to acquire all of Sky Deutschland (as well as 100 per cent of Sky Italia) and there are numerous reports that a formal acquisition bid is only days away. Financial analysts have suggested that BSkyB’s final bill for the German […]

King Content, King Rupert?

Exactly three years ago, Rupert Murdoch was wiping custard pie from his shirt as his now ex-wife struck out at his assailant in the House of Commons Media Committee room. Even before the pie, Murdoch had confessed it was the ‘humblest day’ of his life. The foam wiped away more easily than the inevitable impression this was a man whose […]

WideOrbit acquires Admeta

WideOrbit, a provider of advertising management software for media companies, has acquired Admeta, a provider of solutions for digital programmatic sell-side platforms based in Sweden. This acquisition is part of WideOrbit’s ongoing commitment to expand its digital offering for major media companies and provide the most comprehensive media management solutions globally for premium publishers. Founded in 2002, Admeta provides sophisticated […]

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