Liberty Media Corporation has entered into agreements with certain third party investors to commit $1.55 billion (€1.46bn) in subscriptions for newly issued shares of its Series C Liberty Media common stock (LMCK) at a price of $25.00 per share in connection with its acquisition of Formula 1. The third parties are Coatue Management, the D. […]
Barely two days after suggesting that such an outcome was likely, and a day after it confirmed that it had crossed the 5 per cent and 10 per cent thresholds of Italian broadcaster Mediaset’s share capital, media group Vivendi revealed December 14 that it had crossed the 15 per cent threshold and reached the 20 […]
Pan-European broadcaster RTL Group plans to regroup its French radio operations into Groupe M6. With a 48.26 per cent shareholding, RTL Group is the controlling shareholder of the publicly-listed French TV broadcaster Groupe M6. RTL Group’s Board of Directors and Groupe M6’s Supervisory Board unanimously approved the planned transaction on 7 December 2016 and 13 […]
Elisa and Starman’s owners, Polaris Invest and Com Holding have signed an agreement in which Finland-based Elisa will acquire 100 per cent of AS Starman’s share capital. The acquisition price is €151 million and Elisa will pay it in cash. In 2015 Starman’s Estonia business’ revenue was €37 million and EBITDA €18 million. At the […]
Media group Vivendi has revealed that it has taken a 3.01 per cent stake in Italian broadcaster Mediaset and could raise that holding to 20 per cent. Vivendi announced on April 8th 2016 that it had concluded a strategic and industrial partnership with Mediaset. This partnership, with an international scope, included, on the one hand, […]
How often can a whole intricate takeover saga, ranging over months, be brought to mind by the phrase ‘the custard pie incident.’ The incident, of course, was patriarch Rupert taking one for the team when he made his mea culpa appearance before the Commons media committee in 2011 as he sought to limit the ever-spreading […]
Analysts at Exane-BNP/Paribas are commenting on numerous press reports (Bloomberg, Les Echos) that “sources are confirming that Orange is discussing with Vivendi the acquisition of Canal+, that TI is not part of the discussion, and that Vivendi would not be holding a stake in Orange at this stage.” The bank’s report stresses that there is […]
Beta Film, a global distribution company, has taken a minority stake in independent formats sales business Lineup Industries, which was founded by distribution executives Ed Louwerse and Julian Curtis in 2014. Lineup will continue to operate independently but will benefit from Beta Film’s established position in the international media industry as it looks to further […]
Zenterio, a TV technology and services provider, has acquired the remaining 75 per cent of UK based ad-tech and analytics company Adscribe. The acquisition follows the initial investment plan that was drawn up when Zenterio became a minority owner in Adscribe, at that time acquiring 25 per cent of the UK based ad-tech and analytics […]
The much-rumoured and anticipated bid by 21st Century Fox to take control of Sky is now a reality. In a Statement, the Independent Directors of Sky plc (Sky) say that they note today’s share price increase, and announce that Sky has received an approach from 21st Century Fox, Inc. After a period of negotiation, the […]