Fremantle has announced the completion of its acquisition of the leading global production studio Asacha Media Group and its portfolio of labels based in France, Italy and the UK. The deal sees Fremantle acquire the Group from Asacha’s founding partners, managers and funds managed by Oaktree Capital Management Asacha is made up of eight distinct […]
The UK’s Competition and Markets Authority (CMA) has suggested that a proposed Vodafone/Three merger, which seeks to combine two of the four UK mobile network operators, could lead to higher prices for customers and affect investment in UK mobile networks. The CMA launched its initial Phase 1 investigation in January 2024 after it was notified […]
Private equity firm Apollo Global Management has reported offered $11 billion for Paramount Global’s Paramount Pictures film studio, according to Reuters. The film studio is considered the jewel of the Paramount media conglomerate, with an expansive movie library that is home to blockbuster franchises like Mission: Impossible, Star Trek, The Godfather and Transformers. . Shari […]
Planetcast Media Services, the media technology services provider in India and Southeast Asia, has announced the acquisition of one of its key partners, Switch Media, a white-label OTT platform provider deployed across Asia-Pacific, Europe and the US. The transaction, which has been finalised, will transfer full control of all Switch Media’s assets to Planetcast. Founded […]
James DeFranco, a co-founder with Charlie Ergen of the EchoStar/Dish satellite businesses, has paid $1.48 million buying shares in the company, and representing about 2.4 per cent of the share issue. DeFranco is a director of EchoStar, which now owns Dish Network. He paid an average of $13.48 per share. DeFranco bought 110,000 shares on […]
Swisscom has entered into binding agreements with Vodafone Group for the acquisition of 100 per cent of Vodafone Italia for €8 billion on a debt and cash free basis with the aim of merging it with Fastweb, Swisscom’s subsidiary in Italy. The transaction consideration will be 100 per cent cash and will be fully debt-financed. […]
Rodolphe Saade, the French shipping tycoon has announced a deal to acquire French news channel BFM TV off Patrick Drahi’s debt-laden Altice group. Saade’s Marseille-based shipping company, CMA CGM, will acquire the French media unit of telecoms group Altice, which includes BFM TV as well as radio RMC, for €1.55 billion. The move will allow […]
India’s Reliance Industries has announced a deal to acquire Paramount Global’s 13.01 per cent stake in indian entertainment network Viacom 18 Media for IDR 42.86 billion (€472.4bn), according to Paramount’s regulatory filing. Viacom18 is majority-owned by Reliance and has 40 television channels, including Comedy Central, Nickelodeon and MTV. Paramount said it will continue to license […]
Fagor Electrónica, a company integrated into Mondragon and specialised in electronic and digital solutions, has acquired Triax Digital Solutions, a company resulting from the merger between Triax AS and Ikusi Multimedia. With its corporate headquarters located at its parent company Fagor Electrónica facilities in Arrasate-Mondragón (Gipuzkoa), the new Fagor Multimedia Solutions (FMS) will maintain two […]
The Spanish Government has approved the merger between Orange and MásMóvil, paving the way for the creation of the new market leader scheduled to be operating by Q4. The cabinet meeting gave the green light following the EC’s recent approval of the €18.6 billion merger. [With the approval] we will guarantee better services for consumers,” […]