Category archives for: Business

Bollore moving on Vivendi?

French media has never been faster moving, or more interesting, since the heady days of Jean-Marie Messier and his attempt to be ‘master of the world’. April 10th evening saw news break that French investment and industrial group Bollore had picked up another 2.51 per cent of media giant Vivendi, and paying over €800 million for the 33.8 million shares […]

Vivendi cools Sky bid speculation

Following on the press and financial speculation French media giant Vivendi attempted to cool the rumour-mill surrounding its potential acquisition of Sky’s three European pay-TV operations. A Vivendi senior spokesman “vehemently” denied that they had any plan to acquire Sky and Arnaud de Puyfontaine, chairman of Vivendi’s management board, stressed there was no bid. Sky declined to make any comment, […]

Abertis cashes in Cellnex

Abertis is to sell the recently-rebranded Cellnex (the former Abertis Telecom) with the forthcoming IPO with 55 per cent of the company on offer. The value of the company is estimated to be between €2.3 billion and €2.8 billion, with Abertis hoping to raise up to €1.7 billion for the sale to institutional investors only. Cellnex distributes digital TV signals […]

NewSat Jabiro satellite-project stalls

Australia’s NewSat plan for a new satellite (Jabiro-1) has been in trouble for some time over funding the build and launch of the proposed satellite. Now one of its major backers has pulled back placing the project for Australia’s first independent and locally-owned satellite in jeopardy. The project has already missed some key funding dates, and now the Sydney Morning […]

Could Vivendi buy Sky?

skybuilding

French media giant Vivendi is said to be considering a bid to acquire all of the Sky-branded European pay-TV broadcasters. Reuters have reported ‘early stage discussions’ and analysts at investment bank Exane BNPO-Paribas state that the rumour has been bouncing around for a few weeks. Exane has run some numbers and – assuming a 25 per cent premium to market […]

Al Jazeera to take Canal Plus stake?

football-Ronaldo

Telefonica is reportedly in talks for Al Jazeera to take a significant stake in Canal Plus to ease regulatory concerns from the CNMC and give green light to Telefonica’s takeover of the Spanish pay-TV platform. In May, Telefonica agreed to purchase the 56 per cent stake in Digital+ owned by Prisa for €750 million before subsequently agreeing to acquire Mediaset’s […]

Sky share buying buzz

The news that Vivendi might be seeking to buy the trio of Sky Europe broadcasters has prompted considerable activity on the London stock market in Sky shares. Sky’s share price rocketed from Tuesday’s closing price of £10.23 to an April 8th morning ‘high’ of £10.63 (and a new 12-month ‘high’) before slipping back after profit taking to £10.41, and a […]

blinkx down ‘but not out’

blinkx

blinkx, the online advertising company, has reported a fall in annual revenues on but claimed to have made “transformational moves” to turn its business around. In a trading update for the year to the end of March, blinkx said it expected to report revenues of “at least $210 million” — down from $247 million in the previous year — and […]

Funding gap for Ariane-6

It seems there are problems ahead for Europe’s planned Ariane-6 rocket, and its development costs. Trade mag Space News is saying that there is a near-€1 billion gap between the ‘contract’ that the European Space Agency has in place with the rocket’s builders Airbus-Safran Launchers. Ariane-6 is on a ‘fast track’ design and build programme in order to compete both […]

Vivendi offers €250m for Dailymotion

French media giant Vivendi has tabled an offer for Orange’s video-streaming site Dailymotion, according to reports, pledging to develop the French start-up globally while making sure it stays under full French control. Vivendi, which has been keen on Dailymotion for some time, is said to have last week made an offer to buy a controlling stake in Dailymotion after the […]

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