Viacom has reportedly told Scripps Networks that it is willing to the US TV network operator in an all-cash deal. The move by Viacom could potentially mean that the $14.3 billion ($12.3bn) media company would lose its investment-grade status to buy the $10.6 billion Scripps. Discovery Communications is also in the running to acquire Scripps, […]
In a move that will help it keep track of illegally-shared content on its platform, Facebook has acquired intellectual property start-up Source3. Announcing the deal on its official website, Source3 founders Patrick F Sullivan, Benjamin Cockerham and Scott Sellwood, said: “Today, we wanted to let everyone know that we’ve decided to continue our journey with […]
Fast-growing Australian satellite uplink and TV facilities company Speedcast is buying Maryland-based UltiSat for “up to $100 million” spread over two years. UltiSat has a teleport in Blaavand, Denmark. The purchase price is based on the financial achievements of UltiSat this year and into 2018. The core price is $65 million, with additional potential payments […]
MTG has completed the previously announced acquisition of 100 per cent of US games publisher and developer Kongregate Inc. for an Enterprise Value of $55 million (€47.2m). Jørgen Madsen Lindemann, MTG President and CEO: “Consumers now spend almost a third of their mobile device time playing games, and Kongregate is a great fit with our […]
Discovery Communications is reportedly in talks with Scripps Networks International about merging their broadcasting assets. While the discussions are far from confirmed, analysts at MoffettNathanson Research (MNR) issued a timely note to investors that examined the potential benefits. MNR says: “Given the mix shift to skinny vMVPD sports and news bundles, declining viewership trends and […]
UK Culture Secretary Karen Bradley has told Parliament that the government will not make a decision on 21 Century Fox’s bid to acquire the remaining shares in Sky before the parliamentary recess, but said that a decision would be announced “within weeks”. According to Bradley, she remains minded to refer elements of the deal concerning […]
Not for the first time, but once again, Discovery Communications and Scripps Networks Interactive are talking about merging their broadcasting assets. Although it is by no means certain that a deal will be consummated, the mere fact that the pair have reportedly come back to the negotiating table is indicative of a willingness to explore […]
Network policy control solutions provider Sandvine has entered into an arrangement agreement with PNI Canada Acquireco Corp, an affiliate of Francisco Partners and subscriber and network intelligence provider Procera Networks which will see PNI acquire all of the issued and outstanding common shares of Sandvine by way of plan of arrangement for cash consideration of […]
Having confirmed on June 26th that it was in discussions regarding such a move, multinational cable, fibre, telecommunications, content and media company Altice has entered into a definitive agreement with Promotora de Informaciones, S.A (Prisa) to acquire Prisa’s 94.7 per cent stake in Media Capital SGPS, SA (Media Capital). Media Capital is a leading Portuguese […]
Perhaps if 21st Century Fox’s bid to mop up Sky Europe fails, Rupert Murdoch will focus instead on India, where 21st Century Fox owns a 30 per cent stake in the TataSky joint-venture and DTH platform. India’s Television Post is reporting that exploratory talks have been held between TataSky and Bharti Airtel’s DTH operation about […]