India now has a giant DTH operator following the merger of Dish TV India and Videocon d2h. The merged business now has about 29 million DTH subscribers, and makes the combined company the second-largest DTH company in the world (after the overall DTH numbers of DirecTV). Dish TV India CMD Jawahar Goel said: “We are […]
Turkey’s Dogan Holding has opened talks to sell its media group to a private firm seen as close to President Tayyip Erdogan. Seen as a pillar of the secular establishment, Dogan Media owns the top-selling Hurriyet daily, broadcaster CNN Turk, TV channels and radio stations. Its acquisition by Demiroren Holding, which owns two pro-government dailies, […]
Telenor has entered into an agreement to sell its assets in Central and Eastern Europe (CEE) to PPF Group for €2.8 billion (around NOK 27bn) on an enterprise value basis. The Board of Directors of Telenor intends to ask the Annual General Meeting (AGM) for authorisation to distribute a special dividend of NOK 4.40 per […]
This isn’t the first time that Canada-based Telesat, the fourth-largest global satellite operator, has been reported to be up for sale. But this time the long-awaited sale could be a reality. According to press reports, Loral is trying to sell its 62.7 per cent stake in Telesat, which is based in Ottawa. The reason is […]
In a move that will help pave the way for its takeover by 21st Century Fox, Sky has entered into a confidentiality agreement with Fox and The Walt Disney Company. In accordance with market rules on Takeovers and Mergers, Sky revealed the terms of the agreement, which relate to the disclosure of information for the […]
AT&T and Time Warner have argued in court documents filed on March 9th that competition with online media players would prevent prices from rising if the proposed $85.4 billion (€78.5bn) merger is allowed to proceed. “HBO faces greater competition than ever from other premium channels like Showtime and Starz, and from subscriber video on-demand services […]
French production group Lagardère Studios has taken a majority stake in Dutch TV production company Skyhigh TV. The move follows the acquisition of Boomerang TV in Spain and Aito Media Group in Finland respectively in 2015 and 2017. Created in 1999, Skyhigh TV is owned by founder Marc Dik, Wilfred Drechsler and Bernard van den […]
Investment analysts at Wells Fargo bank say in a note to clients that Comcast will likely prevail in the bidding war for the assets of Sky. The bank also suggests there’s plenty of benefit still to flow to existing shareholders in Sky and prices the possible final payment level of £14.50 per share (Sky is […]
With ownership of TV programming rights becoming a vital asset in the international TV market, production company mergers and acquisitions have continued to rise over the past five years. This type of activity has grown at a 19.4 per cent compound annual growth rate (CAGR), increasing from 42 deals in 2013 to 102 deals in […]
Following recent DoJ clearance in the US and other regulatory acceptances, Discovery Communications has confirmed the successful completion its $14.6 billion (€12.4bn) acquisition of Scripps Networks Interactive. Moving forward, the combined company will be officially known as simply: Discovery, Inc. “Today marks another critical milestone for Discovery, as we become a differentiated kind of media […]