Verizon Communications is preparing to submit a second-round bid of around $3 billion for Yahoo’s core internet business, the WSJ reports. Private-equity firm TPG was also expected to submit a second round bid for the assets before next week’s deadline, the newspaper reported. Yahoo is expected to hold at least one more round of bidding, […]
In a move that it says creates an online video powerhouse perfectly positioned to take full advantage of accelerating adoption of live and on-demand streaming, NeuLion, a technology product and service provider specialising in the broadcasting, distribution and monetisation of live and on-demand digital video content to Internet-enabled devices, has acquired Saffron Digital Limited, a […]
Qatar’s beIN Media Group has completed the acquistion of Turkish pay-TV company Digitürk for a fee reported to be in the region of $1 billion. Digitürk was 53.3 per cent owned by Çukurova Holdinga snd 46.7 per cent owned by private equity group Providence Equity. Digitürk currently has an estimated 3.5 million pay-TV subscribers. Earlier […]
Discovery is still interested in buying a stake in Channel 4, despite the UK government backing off plans to privatise the channel. David Zaslav, CEO of Discovery, said the company was still interested in a potential deal if it could be given freedom to run less public service broadcasting content. Zaslav said it is in […]
Asia Broadcast Satellite (ABS) is up for sale by its owners, private equity investor Permira. CEO Tom Choi told delegates at Casbaa in Singapore that Permira had started a process to source a buyer and in order to close a particular fund that Permira had used to acquire ABS. ABS bought ABS in 2010 for […]
Last week, satellite operator raised €900 million in order to complete the purchase of mini-satellite constellation O3b. At least one investment bank is asking why SES has moved on O3b now, and so soon after the significant profits warning from Eutelsat. “With the Eutelsat profit warning just 2 weeks ago pointing to dramatic change in […]
Back in 2010, private equity fund Permira helped local management buy Asia Broadcast Satellite (ABS) for around $200 million. Now it is reported that Permira is looking to exit its investment. ABS was founded by Thomas Choi in 2006, and he is still CEO. ABS now has six satellites in orbit, and another scheduled for […]
Satellite operator SES is raising about €1 billion in order to complete its purchase of O3b (a ‘next generation’ satellite constellation serving the ‘other 3 billion’ unserved and underserved broadband users). SES already owns 50.5 per cent, and has made no secret of its intentions to mop up the segment of O3b that it did […]
FOTV Media Networks is to acquire OVGuide, the comprehensive service to facilitating the discovery and consumption of online video across all platforms. OVGuide joins FilmOn TV Networks and CinemaNow to form a powerful ecosystem that delivers a one-stop solution for online entertainment. OVGuide, which was founded in 2007, allows users globally to discover – through […]
Vivendi boss Vincent Bolloré has given a very rare interview to French business newspaper Les Echos, and makes it clear that the Canal Plus premium channel can be saved and was a priority for Vivendi. He said: “Canal Plus will be fixed provided our current agreement with (beIN Sport) is accepted and efficiency measures (within […]