Vivendi has denied reports that it is willing to sell its 24 per cent stake in Telecom Italia (TIM) to facilitate its plan to form a European media conglomerate that would include Italy’s Mediaset. Selling TIM, valued at just over €3 billion, would ease Italian regulators’ concerns over the French media company’s influence in the […]
Sony Pictures Networks India’s proposal to invest in ZEEL-owned Taj Television, has been approved by India’s Competition Commission. Taj TV’s ‘Ten Sports’ portfolio of sports channels is the prize that Sony is after. The scheme sees ZEEL and Sony creating Aqua Holdings, established in August 2016, to carry out the investment whereby Sony India’s Competition […]
Talks between China’s Beijing Xinwei Technology Group and Spacecom of Israel have broken down. Some five months of dialogue, and not helped by the September 1st loss of the AMOS-6 satellite, have scuppered the prospects of a sale by Spacecom. Spacecom, which operates the Amos fleet of satellites, simply says that the talks ended without […]
The World Motor Sport Council has unanimously approved the change of control of Delta Topco Limited (the holding company of the Formula One Group and thus the owner of the Commercial Rights of the FIA Formula One World Championship) from CVC Capital Partners in favour of Liberty Media Corporation at an extraordinary meeting in Geneva. […]
Liberty Media Corporation has confirmed that a special meeting of stockholders approved (i) a proposal relating to the issuance of shares of Series C Liberty Media common stock in connection with its pending acquisition of Formula 1 and (ii) a proposal relating to the adoption of the amendment and restatement of Liberty Media’s restated certificate […]
There were reports in the British press this past weekend which suggested that 21st Century Fox and Sky’s lobbyists were briefing UK parliamentary members on their plans for the acquisition by Fox of the rest of Sky (61 per cent) it does not already own. Importantly, the briefings are stressing that the future of Sky […]
In a move that strengthens its mobile video portfolio and positions it to address the rise in mobile video consumption, content services protection and enhancement specialist Viaccess-Orca has acquired BigHill, a Finland-based software company that specialises in developing mobile apps for TV content. An agreement between the two companies was reached in December 2016. Adding […]
The management buy-out occurring at Beijing-based – but Nasdaq listed – China Digital TV is moving forward. A statement says that the buy-out has paid RMB (Yuan) 610 million (about €83 million) in accordance with the Equity Transfer Agreement signed in November 2016. The new entity (Changxing Bao Li Rui Xin Technology Co., Ltd/the Buyer) […]
Satellite operator Asia Broadcast Satellite (ABS) which has been up for sale since – at least – July of 2016, remains on the sales forecourt although there are reports that final bidders are lining up. However, a rumoured potential sale by its owners, private equity company Permira, to Shenzen-based China Communication Technology (CCT), and initially […]
Viacom International Media Networks,the entertainment conglomerate, has taken a minority stake in Israeli channels provider Ananey Communications Group. The deal sees the two companies build on their current relationship: Ananey already licenses Viacom brands such as Nickelodeon, Comedy Central and MTV in Israel. Financial details were not disclosed. “This deal will deepen our partnership with […]