A Swedish company, Ovzon, which in October booked a satellite launch contract from SpaceX, has now confirmed it has ordered a geostationary satellite from Space Systems/Loral. But there are conditions. Ovzon says that the craft will provide broadband services, but first it has to raise the cash to fund the purchase. Ovzon says it has […]
One of Kuwait’s sovereign wealth funds, KIPCO is looking to sell its stake in Dubai-based pay-TV operator OSN (the former Orbit-Showtime Network). Goldman Sachs has reportedly been hired to find a buyer. While the reports have not said that KIPCO has ‘had enough’ of being patient with OSN, the most recent data indicates that its […]
This year’s record $25 billion games deals over just 9 months could mean we’ve hit the top of the market, as detailed in Digi-Capital’s new Games Report Q4 2018. Last time this happened, games investment and M&A plunged into a games deals ice age at the lowest level in a decade. The games deals cycle has […]
Fast-growing high-end wireless audio specialists Sonos is to mount an Initial Public Offering (IPO). California-based Sonos, which has not made an annual profit since 2014, issued its regulatory filing on July 6th, and reported a 10 percent rise in revenues for 2017 (to $992.5 million) and a net loss of $14.2 million, itself down on […]
Chinese smartphone maker Xiaomi has filed to list on Hong Kong stock market, in a move that is expected to raise up to $10 billion (€8.35bn). The stock market flotation will be the world’s biggest debut in 2018 accordng to the BBC, and the largest since fellow China tech giant Alibaba’s raised $25 billion in […]
The long-awaited, but much delayed, Initial Public Offering (IPO) for the AT&T-owned Vrio division is not going ahead – at least for the moment. Vrio looks after the DirecTV broadcast activity over South America and the Caribbean region. AT&T was due to mount the IPO today (April 19th) and only last week said the IPO […]
The Board of Directors of digital entertainment group Modern Times Group has decided to initiate a process to split MTG into two companies – Modern Times Group MTG AB and Nordic Entertainment Group – by distributing all of the shares in Nordic Entertainment Group (comprising MTG Nordic Entertainment, MTG Studios and Splay Networks) to MTG’s […]
US telco AT&T has confirmed that it has filed of a registration statement with the US Securities and Exchange Commission for a potential initial public offering (IPO) of a minority interest in the Class A common stock of Vrio Corp., a holding company for its Latin American digital entertainment services unit, DirecTV Latin America. AT&T […]
US telco AT&T says it is planning an IPO for its DirecTV Latin America division. AT&T says it will be floating a minority interest in DTV-LA. The IPO will likely take place in the first half of this year. The report is not a surprise and was widely reported in October 2017 when rumours suggested […]
Serial media entrepreneurs Jeff Sagansky and Harry Sloan have raised $325 million in their new Platinum Eagle Acquisition fund designed to take advantage of what they say is a particularly compelling time for the industry. The fund will be listed on the NASDAQ exchange (trading as EAGLU). The IPO prospectus says the fund will be […]