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Li gives up on PCCW

Richard Li has thrown in the towel on a proposed $2bn buyout of PCCW, his Hong Kong telecommunications company after a protracted legal battle, saying the saga has been "unnecessarily…

Move takes over Inuk

Inuk, the IPTV service for students, has been bought by Move Networks for an undisclosed fee. Move Networks says the combination of Inuk's IPTV platform and its virtual set-top box…

Grass Valley eyes mobile and future ownership

From Colin Mann in Las Vegas Despite its impending separation from parent company Thomson, Grass Valley is upholding its intentions to be active across a range of platforms by revealing…

KIT acquires Narrowstep assets

KIT digital, a global provider of IP-based video enablement technologies, has acquired the assets and assumed certain current liabilities of London-based Narrowstep , an Internet TV platform company supporting content…

Virgin buys into gaming company

Virgin Media has bought a 9.9 percent stake in AIM-listed interactive gaming company NetPlay TV as part of a deal that gives NetPlay the rights to produce VMED's Challenge Jackpot…

Virgin sells up Sit Up

Virgin Media is selling its home-shopping broadcaster Sit-up TV to Munich-based investor Aurelius – owner of RTL Shop – for an undisclosed sum. Sit-up TV operates three digital home-shopping channels…

Telefonica / Vivendi 'variable' bid for Digital+

The joint-venture of Telefónica and Vivendi has tabled another bid for Sogecable’s satellite pay-TV operator Digital+ in the long running sale saga. The amount eventually paid will reflect Digital's future…

Carphone still wants Tiscali?

UK mobile phone retailer and broadband provider Carphone Warehouse is considering a bid for the Tiscali's UK business, according to press reports. Carphone Warehouse's broadband division TalkTalk is hoping for…

Bertelsmann: "Five needs merger to survive"

Bertelsmann, the German media group that controls Five, has said that the UK broadcaster does not have a sustainable future without a merger with ITV or Channel 4. Thomas Rabe,…

Cisco to acquire Pure Digital, i-CABLE deal

Cisco has announced its intent to acquire privately held Pure Digital Technologies. San Francisco-based Pure Digital, creator of the best-selling Flip Video brand is a specialist in developing consumer-friendly video…