Sony Pictures Networks India (SPN) and its affiliates have completed the first phase of a two-phase acquisition of the TEN Sports Network from Zee Entertainment Enterprises (ZEE) and its subsidiaries. Following the completion of this phase of the acquisition, SPN’s cluster of nine sports channels will now include: Sony SIX, Sony Six HD, Sony ESPN, […]
London-based satellite operator Inmarsat is again being talked about as a take-over target. The Financial Times reported that Inmarsat could be a target for EchoStar. This time it is Charlie Ergen, founder of Dish Network and the EchoStar technology company who seems to have started the rumour mill. The FT reports that Ergen discussed possible […]
Time warner is to dispose of its broadcast station in Atlanta, Georgia, in order to side-step potential problems with the FCC over its planned merger with AT&T. Meredith Corp is the buyer for a reported $70 million. But the sale brings to an end a long tradition of Time Warner – and Ted Turner’s – […]
Charlie Ergen, founder of the Dish Network and EchoStar satellite operation, said the asset swaps made in January between the two businesses readied the pair for a wave of merger interest that’s expected in the TV and cellular Internet sectors. Ergen, speaking to analysts following Dish Network’s quarterly and full-year results, said: “It made more […]
Telefónica has reached agreement with global investment firm KKR Group for the sale of up to 40 per cent of Telxius Telecom, its global telecommunications infrastructure company, for a total amount of €1.275 billion. Under the agreement, which is subject to regulatory approvals, Telefónica and KKR aim to develop and grow one of the leading […]
Vodafone New Zealand is in the process of absorbing Sky Network Television in a $2.45 billion merger agreement. But the New Zealand High Court is being asked to ‘stay’ a possible decision on approving the deal by local telco Spark New Zealand. The country’s Commerce Commission is due to announce its decision on the merger […]
Italian newspaper Il Sole 24 Ore is reporting that Sky and Mediaset are in “advanced talks” over the sale of Mediaset’s Premium pay-TV business. The news prompted a flash report from equity analysts at Exane/BNP-Paribas, reminding investors that over the past five years much the same story has run. Nevertheless, the bank also says it is […]
Following the unanimous approval by the World Motor Sport Council of the change of control of Delta Topco Limited (the holding company of the Commercial Rights Holder of the FIA Formula One World Championship) from CVC Capital Partners in favour of Liberty Media Corporation on 18 January 2017, motor sport governing body the Fédération Internationale […]
Time Warner shareholders have voted to adopt the merger agreement between AT&T and Time Warner, with 78 per cent of the outstanding shares of common stock voting in favour; and of the shares voted, 99 per cent were cast in favour of the proposal. Having obtained shareholder approval of the $85.4 billion (€78.5bn) transaction, first […]
International TV and broadband company Liberty Global has reported Q4 and Full Year results which reveal a European operating income of $683 million (€643m) and $558 million in Q4 2016 and Q4 2015, respectively, and $2.482 billion and $2.101 billion during full-year 2016 and 2015, respectively, representing increases of 22 per cent and 18 per […]