China’s Hisense Electric has bought Toshiba’s TV production, its brand, R&D and operations, effective November 14th. Hisense will purchase 95 per cent stock shares of Toshiba Visual Solutions Corporation (TVS), a wholly owned subsidiary of Toshiba Corporation for ¥12.9 billion (€96m) with Toshiba retaining 5 per cent stock holding. Hisense will obtain the TVS businesses including production, […]
The bidding for Italian DTT multiplex operator Persidera will start on November 20th, when the first non-binding bids should be submitted, according to local reports. In recent days, parties that expressed interest have received a functional information memorandum on the submission of bids. A due diligence will follow in December with the bidders selected by […]
The transmission and broadcasting unit of Italian public broadcater RAI has confirmed its interest in the assets of DTT multiplex operator Persidera. During a conference call with analysts, RaiWay managing director, Aldo Mancino, said that this would be “an interesting opportunity to evaluate” and would be consistent with the company’s business plan, “without creating regulatory […]
James and Lachlan Murdoch, speaking on 21st Century Fox’s Q1 2018 Earnings Call, have played down the notion that they were seeking to sell parts of their business to Disney, suggesting instead that Fox had the required scale, with completion of its planned acquisition of Sky likely in 2018. Lachlan Murdoch, co-executive chairman of 21st […]
The proposed sale of Time Warner to AT&T was thrown an unexpected curve ball November 8th when the US Department of Justice (DoJ), in its report on the deal, said that it would block the $85 billion scheme unless it sells off CNN. The DoJ is understood to have said that AT&T would either have […]
Ericsson is renaming its Broadcast and Media Services business to Red Bee Media, the former name of the one-time BBC Broadcast unit, effective immediately. The Red Bee Media name and brand identity will apply to all of Ericsson’s Broadcast and Media Services businesses worldwide. As part of this change Red Bee Media is now an […]
Sky is warning UK competition regulators that it could shut down Sky News if 21st Century Fox’s proposed takeover of the broadcaster is not approved. The UK’s Competition and Markets Authority (CMA) is undertaking a six-month investigation into 21st Century Fox’s proposed takeover of Sky. Karen Bradley, the Secretary of State for Digital, Culture, Media […]
There is an old English saying derived from hunting: ‘You’ve shot my fox’. It means one’s whole plan, or whole story, has been undercut by one or more unexpected action. The Murdochs, as owners of 21st Century Fox, have been busy shooting everyone’s foxes this week. The narrative was that after exhaustive tracking, and several […]
Reports have emerged that 21st Century Fox has been holding talks to sell most of the company to Walt Disney Co. Any such deal would not involve all of Fox’s assets, according to people with knowledge of the talks. It is understood that Fox believes that a more tightly-focused group of properties around news and […]
The semiconductor sector looks set for further consolidation with the confirmation that Broadcom, a leading semiconductor device supplier to the wired, wireless, enterprise storage, and industrial end markets, proposes to acquire all of the outstanding shares of technology company Qualcomm for per share consideration of $70.00 in cash and stock in a transaction valued at […]