Danish telecoms operator TDC has been approached by a buy-out group lead by Macquarie. TDC shares jumped 17 per cent on the news and it dropped its $2.5 billion (€2.04bn) bid for most of the assets of Modern Times Group (MTG) – a move that got a cool reception. TDC has been approached by a […]
Rupert Murdoch has pledged to guarantee funding Sky News for up to five years, as 21st Century Fox seeks clearance for its £11.7 billion (€13.2bn) takeover of Sky. He also pledged not to interfere editorially. The Competition and Markets Authority said in its provisional findings last month that Murdoch’s bid raised media plurality concerns because […]
Video ad serving platform SpotX and online video advertising specialist smartclip have confirmed that the first major steps of their merger have been concluded, becoming one global company with a joint management team. This plan, dubbed ‘One Team, One Platform’, was first announced by their joint parent company, RTL Group, in November 2017. The new […]
Shares in UK telco TalkTalk plummeted after it warned on profits and said it would cut its dividend, while it looks to raise £200 million from investors to shore up its balance sheet and fund a new fibre broadband rollout. The company said full-year earnings before interest, tax, depreciation and amortisation would now be £230 […]
ARRIS International has announced an agreement with long-time partner Pegatron Corporation for the sale of ARRIS’s manufacturing facility in New Taipei City, Taiwan. Production of ARRIS customer premises equipment will transition to Pegatron’s Suzhou site in China by the end of 2018. ARRIS will continue to maintain technology development and business operations in Taiwan, including […]
In a move that is expected to bring additional employment to the Isle of Man digital and media cluster, the world-leading Duke Video Archive from Duke Marketing has been acquired by automotive and motorsport digital technology business Motorsport Network. The move builds on the recent announcement that Motorsport Network and Motorsport.tv would feature the entire film […]
Discovery Communications has confirmed that the European Commission (EC) has cleared Discovery’s proposed $14.6 billion (€12.4bn) acquisition of Scripps Networks Interactive, subject to conditions. This regulatory milestone is an important step towards closing the transaction. The EC’s approval is conditional on Discovery’s commitment to offer third party distributors the right, on a non-exclusive and unbundled […]
Responding to recent press speculation regarding a potential transaction with international TV and broadband company Liberty Global, Vodafone has confirmed that it is in early stage discussions with Liberty Global regarding the potential acquisition of certain overlapping continental European assets owned by Liberty Global. In a Statement, the global telco said there was no certainty […]
Cisco has announced the completion of its acquisition of BroadSoft. Cisco said BroadSoft will accelerate its cloud strategy and collaboration portfolio by adding cloud calling and contact centre solutions to its calling, meetings, messaging, customer care, hardware endpoints and services portfolio. Former BroadSoft CEO Michael Tessler and his organisation are joining Cisco’s Unified Communications Technology […]
International digital entertainment group Modern Times Group (MTG) has agreed to accept a €2 billion bid from Danish telco TDC that will see it merge its Nordic Entertainment and MTG Studios businesses with TDC Group, in order to create what the pair say is Europe’s first fully-convergent media and communications provider with an enhanced and […]