SeaChange International, a provider of video delivery, advertising, streaming platforms and FAST TV development, has entered into an asset purchase agreement under which an affiliate of Partner One, the software conglomerate, will acquire all of SeaChange’s assets for $30 million (€27.4m), less SeaChange’s cash and cash equivalents at closing. SeaChange has traditionally supported clients’ Operator […]

Elliott Advisors has pulled out of making a takeover bid for electrical high-street chain Currys after being rejected by the retailer’s board “multiple times”. The US investment group had initially proposed an offer that valued the electricals chain at around £700 millon (€640.2m), and then increased it to £757 millon, but Currys declined a deal […]

Canal+ has increased its offer for the acquisition of African pay-TV broadcaster MultiChoice, after being ordered to make an immediate bid by South Africa’s Takeover Regulations Panel (TRP) The Vivendi-owned company has raised its proposal from the previously rejected 105 rand per ordinary share to 125 rand, as confirmed by a joint statement issued by […]

Communications test, measurement and optical technologies provider VIAVI Solutions and Spirent Communications, a provider of automated test and assurance solutions for networks, cybersecurity and positioning, have agreed the terms of a cash offer for Spirent which the Spirent Board intends to unanimously recommend. The acquisition price values Spirent at approximately £1.005 billion (€1.17bn), or $1.27 […]

Satellite builder Terran Orbital has adopted a so-called ‘poison pill’ share reconstruction in its defence of a buy-out by its existing major shareholder Lockheed Martin (L-M). Officially, it is a limited period stockholder rights plan.  The company stated: “An independent committee of the Board will review and evaluate the Lockheed Proposal as part of the […]

In a move that accelerates its OTT product offering, video solutions provider Accedo has acquired Easel TV, the UK-based provider of advanced streaming technology and digital media solutions founded by media executives Joe Foster and Bill Scott. The acquisition will bring the Easel TV SaaS platform and the Accedo Accedo One SaaS platform under one […]

Boca Raton-based Terran Orbital builds small-to-midsized satellites. Its order book includes 300 satellites for Rivada Networks, it has contracts in place with the European Space Agency (ESA) and NASA’s Space development Agency. In 2023 it introduced a range of seven standardised satellite options for clients wanting a speedy solution for nano, micro, mini and small […]

ITV has sold its entire 50 per cent interest in digital subscription streaming service BritBox International to its joint venture partner BBC Studios for a cash consideration of £255 million (€297.7m). The sale comes as ITV focuses its strategy on its own streaming service, ITVX, and its Studios division. The Board intends to return the […]

Reliance Industries Limited (RIL) is to control a joint venture with The Walt Disney Company that will combine the businesses of RIL’s Viacom18 and Disney’s Star India. RIL has agreed to invest $1.3 billion into the joint venture (JV) for its growth strategy. The transaction values the JV $8.5 billion. Post completion the JV will […]

South Africa’s Takeover Regulations Panel (TRP) has ruled that French media company Canal+, owned by Vivendi, must make a mandatory offer immediately to buy the remaining shares of pay-TV company MultiChoice. Canal+, the biggest shareholder, offered to buy the rest of the company for €2.5 billion earlier this February. It held a 31.67 per cent […]