Global technology company LeEco and connected entertainment platform VIZIO have agreed a deal which will see LeEco acquire VIZIO for $2 billion (€1.82bn). The VIZIO hardware and software businesses will be owned and operated as a wholly owned subsidiary of LeEco, while the VIZIO data business, Inscape, will spin out and operate as a separate, […]
There remain “significant differences” as far as Vivendi is concerned over its proposed agreement with Mediaset. Vivendi, in a statement June 26th, said it still wanted to come to an agreement, but “under different terms”. Mediaset’s comments are tougher, and suggesting the deal with Vivendi has derailed, “out of the blue”, when Vivendi a month […]
Orbital Multi Media Holdings Corporation and its wholly owned subsidiary, Quiptel Hong Kong Limited, an OTT Video Streaming Technology, has agreed terms and entered into exclusive discussions to sell 100 per cent of the group to Falcon Acquisitions, the LSE listed investment company which is strategically focused on investments in the OTT market. Sandip Sarda, Chief […]
Following weekend speculation that a deal was imminent, Verizon Communications and Yahoo have confirmed they have entered into a definitive agreement under which Verizon will acquire Yahoo’s operating business for approximately $4.83 billion (€4.40bn) in cash, subject to customary closing adjustments. Yahoo informs, connects and entertains a global audience of more than 1 billion monthly […]
In a bid to consolidate its media investments, the Hinduja Group has decided to merge its cable television business IndusInd Media and Communication, with its Headend-in-the-Sky (HITs) business of Grant Investrade. Tony D’Silva, who currently heads the HITs business, will be in-charge of the merged entity. The Hinduja Group has re-organised the media business to […]
The European Commission has approved the take-over of Arianespace by Airbus-Safran Launchers (ASL) and the new ownership is structured with conditions designed to minimise any prospects of anti-competitive behaviour – although who might want to mount a billion-Euro attempt to rival Arianespace is difficult to imagine. ASL now has to pay €150 million ($166m) to […]
Japanese telecommunications and Internet corporation SoftBank Group (SBG) and UK chip manufacturer ARM Holdings (ARM) have agreed a deal under which SBG will acquire 1,412 million shares of ARM with a total acquisition price amounting to approximately £24 billion (€28.74bn). The acquisition, which has been approved at a meeting of SBG’s Board of Directors, is […]
A Chinese consortium’s $1.24 billion (€1.12bn) bid for Norwegian online browser and advertising specialist Opera Software has been blocked by the regulator Opera said, sending its shares to a seven-month low. Instead, the Golden Brick Capital Private Equity Fund consortium, which includes search and security business Qihoo 360 Technology Co and Beijing Kunlun Tech Co, […]
Beijing-based digital TV conditional access smart card supplier China Digital TV is likely to be acquiring 100 per cent ownership of Beijing Super TV and Beijing Dagong Technology. Both these businesses are already subsidiaries of China Digital. China Digital indirectly owns 90 per cent of Beijing Super TV, and 80 per cent of Beijing Dagong. […]
CSI Sports a provider of original and live premium fight related sports content, has acquired the Sport 10 channel in Belgium reaching 1.3 million subscribers on the Proximus platform. The acquisition continues the long term plan to create new opportunities to build the CSI Sports business, Fight Sports brand globally. Today, Fight Sports operates across […]