MTG has increased its ownership in InnoGames, the developer of browser and mobile games, to 51 per cent. MTG announced its initial 21 per cent investment in Hamburg-based InnoGames in October 2016. InnoGames is the creator of six successful online games including Forge of Empires, Tribal Wars and Elvenar. MTG has invested €82.6 million for […]
Investment company Kinnevik has agreed to acquire 33.9 million shares, corresponding to an approximate 18.5 per cent interest, in Swedish multi-play operator Com Hem Holding from NorCell S.à r.l., the indirect investment holding company of funds advised by BC Partners LLP, for a cash consideration of SEK 110 per share, or SEK 3.7 billion (€385m) […]
Spacecom is again looking for a buyer. Acquisition talks – and a preliminary agreement – with Beijing Zinwei Technology Group have reportedly “fizzled out”. Beijing Zinwei had agreed to pay Spacecom $285 million in August last year for its Amos fleet of orbiting assets. That deal was damaged when a SpaceX rocket blew up catastrophically […]
Suggesting that the deal will see the enlarged group become the market leader in video delivery infrastructure for DVB-T2 and ATSC 3.0 networks, video delivery infrastructure specialist Enensys has revealed that it is in exclusive negotiations to acquire TeamCast, a specialist in modulation technology for terrestrial, satellite and wireless markets. “This is an important step […]
In-flight entertainment (IFE) supplier Gogo is taking all the available capacity on an SES satellite, AMC-4. SES will shift the satellite from its current orbital spot at 67 degrees West, to a new position. AMC-4 is being replaced by SES-10 which launched at the end of March. Gogo will use the new capacity to serve […]
The government has given Ofcom and the competition authorities more time to investigate and recommend on the takeover of Sky by 21st Century Fox. The Secretary of State for Culture Media and Sport, Karen Bradley, said she had extended the deadline because of the forthcoming general election. Regulators are examining the deal in the light […]
Intelsat is reportedly extending the timetable deadline for bondholders to accept the proposals of a proposed merger with giant satellite constellation OneWeb. Reuters reports that the merger – announced back in February – is conditional on gaining approval from at least 85 per cent of the face value held by Intelsat’s bondholders. The report suggest […]
French media group Vivendi has been ordered to reduce its stake in either Telecom Italia or commercial broadcaster Mediaset by Italy’s communications regulator AGCom (Autorità per le Garanzie nelle Comunicazioni). It has to comply within 12 months, after AGCom deemed it was in breach of rules designed to prevent a concentration of power. Vivendi is […]
The proposed merger between India’s Dish TV and rival Videocon d2h is scheduled to complete by October, said a statement from Dish TV CEO Arun Kapoor. “We have to receive approvals from regulatory bodies like the Competition Commission of India, National Company Law Tribunal and stock exchanges. The merger is expected to be completed by […]
Most 86 years-olds are resting up and regarding each new day as a bonus. Not Rupert Murdoch, for him another day is another deal. So, it must still be extra frustrating when one of the deals you really want to do keeps being nixed by circumstances beyond your control – or, at least, circumstances you […]