Pay-radio operator SiriusXM is widely reported to be again looking to buy streaming service Pandora. Last summer the pair were said to be in talks but the rumoured $15 a share placed on the table by SiriusXM was apparently rejected despite valuing Pandora at some $3.4 billion. Now, if the reports are accurate, Pandora is […]
Telecommunications, Media and Technology investor Zegona is selling its Spanish quad-play cable business Telecable to Euskaltel for a total value of up to €701 million, comprising an Enterprise Value of €686 million and up to €15 million deferred payment. The Enterprise Value consideration includes €186.5 million cash and 26.8 milion shares in Euskaltel (15 per cent […]
Italy’s Atlantia, perhaps better known as highway operator Autostrade per l’Italia, is expected to imminently be making an offer to buy Spanish infrastructure business Abertis. One of the Abertis investments is a major 57 per cent stake in Spanish satellite operator Hispasat. The overall deal is reportedly worth more than €15 billion, and in the […]
Investors and debt-holders in Intelsat have until 5pm today (New York time) to accept, or reject, the proposed investment by Japan’s media conglomerate SoftBank in a financial restructuring of Intelsat. Intelsat last week extended the deadline for acceptances again. The initial deadline was set at April 20th, and then extended to May 10th, and revised […]
French media group Vivendi has submitted an indicative offer to Groupe Bolloré to purchase the approximately 60 per cent stake it owns in Havas at a price of €9.25 per share, financed by Vivendi’s available cash. The price offered provides an instant premium of 8.8 per cent over the closing price for Havas shares on […]
The proposed merger between satellite giant Intelsat and Jersey-based OneWeb is “close to being scrapped” reports Bloomberg, with Intelsat’s bond-holders holding out for a higher price than that on offer from Japan’s SoftBank, which was looking to facilitate the scheme. Intelsat said May 11th that it had extended the deadline for bond-holders to accept the […]
Satellite operator Intelsat is looking to merge with Jersey-based OneWeb with help from Japanese media giant SoftBank. The deal needs Intelsat’s debt-holders to agree to new financial terms, and that agreement looks to be in doubt. The deadline for acceptances of new terms was at midnight yesterday, May 10th. New York-based Reorg Research, in a […]
The proposed merger between two of India’s giant DTH operators, Dish TV and Videocon d2h, has moved closer with confirmation that Videocon’s shareholders had approved the deal. Separately, it was reported that the merger had received approval from the Competition Commission of India. Dish TV Videocon, the name of the new business, will see Dish […]
The Kudelski Group has completed an agreement to acquire Digital Video Norge AS (DVnor). The Oslo-based provider of media asset management services will collaborate closely with Conax. The company provides technology and competence highly complementary to the Conax content security portfolio, further strengthening Conax’ position in the industry for media consumption. The Kudelski Group says […]
New Zealand’s Sky TV is rumoured to be going ahead with its merger plan with telco giant Vodafone’s New Zealand offshoot, despite not winning the legal approval from New Zealand’s competition regulator. The country’s Commerce Commission ruled against the merger plan in February, but has subsequently said that its clearance was not formally required but […]