Advanced Television

M&A

Swisscom to acquire Vodafone Italia

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. […]

March 15, 2024

Saade pays €1.5bn for Altice Media France

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 […]

March 15, 2024

Paramount sells Viacom 18 stake

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 […]

March 14, 2024

Fagor Electrónica acquires Triax

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 […]

March 14, 2024

Spain approves Orange, MásMóvil merger

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,” […]

March 12, 2024From David Del Valle in Madrid

Partner One to acquire SeaChange

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 […]

March 12, 2024

Elliot Advisors ends Currys interest

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 […]

March 11, 2024

Canal+ ups MultiChoice offer

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 […]

March 6, 2024

VIAVI to acquire Spirent

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 […]

March 5, 2024By Colin Mann

Terran Orbital adopts ‘poison pill’ defence

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 […]

March 5, 2024By Chris Forrester