Category archives for: M&A

Argentina’s Clarin to sell pay-TV channels

argentina

Argentina’s Grupo Clarin is to sell its 7 cable TV channels to a US investment firm for $31.5 million. The move is part of its retreat from some aspects of its business as dictated by Argentina’s media laws. The offer has to be approved by shareholders (due on September 22nd). The potential buyer is 34 South Media, controlled by Alexander […]

Al Gore hits Al Jazeera with ‘Current TV’ writ

Bloomberg TV is reporting that former US vice-president Al Gore, along with business partner Joel Hyatt is suing Qatar-based news channel Al Jazeera for fraud, breach of contract, failure to meet obligations to pay Gore and Hyatt some $65 million, and damages. The action was filed in a Delaware chancery court (Gore vs. Al Jazeera) on August 15th against Al […]

Hellman & Friedman are OSN suitors

Last week a $3.2 billion bid for Dubai-based pay-TV operator OSN (the former Orbit Showtime Network) was rejected by majority shareholder KIPCO. OSN reportedly has 941,000 subscribers, and according to a recent study from market researchers Ovum, could hit some 2.1 million within five years. The bidders for OSN are Hellman & Friedman LLC (H&F), a San Francisco-based private equity […]

Samsung buys SmartThings smart home start-up

Samsung is buying SmartThings,  a startup backed by PayPal co-founder Max Levchin that helps connect household devices. Samsung joins Apple and Google in exploring ways to integrate connected household gadgets to begin to exploit the “Internet of Things.” The TechCrunch blog reported Samsung was set to pay more than $200 million for the two-year-old startup of 55 employees, which has […]

Televisa takes 100% of Cablecom

Mexico’s dominant broadcaster Televisa, has confirmed that it has now acquired 100% of the equity interest of Grupo Cable TV (Cablecom). The move follows its August 2013 acquisition of a 51 per cent interest in the operator. The transaction involved the conversion of certain debt instruments previously subscribed and a payment of Ps.8.550 billion (€490m).

Dish Network eyeing T-Mobile?

Pay-TV operator Dish Network is reportedly back in the frame as a potential suitor to T-Mobile’s cellular assets in the US. August 13th saw a $15 billion take-over bid (at $33 a share) for T-Mobile from French cellular operator Iliad firmly rejected as being “inadequate”. Iliad trades as Free Mobile in France.  The bid looked to buy 56.6 per cent […]

Telstra acquires Ooyala

telstra

Australian telco Telstra is to acquire video streaming and analytics specialist Ooyala. The US$270 million investment increases Telstra’s ownership in Ooyala from 23 per cent (fully diluted) to 98 per cent and is in addition to the $61 million previously invested in Ooyala over the past two years. This transaction is subject to customary closing conditions including the receipt of […]

Liberty might settle for 80% of Ziggo

ziggo

Liberty Global has filed an updated prospectus on its takeover bid for Dutch cable operator Ziggo. It includes the company’s Q2 results, certain financial information relating to Liberty Global and additional information on the consequences to Ziggo shareholders if the offer is completed at alternative acceptance conditions. The offer is conditional on Liberty acquiring at least 95 per cent of shares, […]

KIPCO says “No” to OSN bid

A US-based private equity firm has bid $3.2 billion to buy OSN (the former Orbit-Showtime Network). The news emerged from 60.5 per cent owner KIPCO (the Kuwait Investment Projects Co) which reported the bid in a filing to the Kwait bourse on August 10th. Saudi Arabia’s Mawarid Group owns the rest of OSN, and both KIPCO and Mawarid have rejected […]

Loral Space & Comms still for sale

Loral Space & Communications, which owns a majority stake in Canada-based satellite operator Telesat, is still up for sale despite the expiration of the ‘sale’ deadline by co-investor in Telesat, PSP Investments. However, any sale also has to cope with an on-going legal dispute between its former subsidiary Space Systems/Loral (SS/L) and satellite broadband operator ViaSat. This litigation and its […]

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