Ericsson president and CEO Hans Vestberg has been compelled to publicly rule out a merger with Cisco as market rumours swirled following the announcement of their cooperative technology partnership last week. In a statement, Vestberg said there weren’t “any discussions whatsoever” about a merger with, or acquisition by, Cisco. “We note that there are rumours […]
Hulu is reportedly seeking to sell a stake to Time Warner as part of a deal that would value the company at more than $5 billion (€4.6bn). The companies have been in preliminary talks about Time Warner becoming astakeholder in Hulu alongside Disney, 21st Century Fox and Comcast. Each would have an equal stake of […]
Charlie Ergen’s Dish Network has filed a formal response to the proposed Charter Communications merger plan with Time Warner Cable. In its letter to the FCC, Dish outlines how the applicants have failed to prove that this proposed merger is in the public interest and reiterates its call for the FCC to deny the merger. […]
SpeedCast International, a global satellite telecommunications service provider, has entered into a definitive agreement to acquire ST Teleport, a satellite communications services provider based in Singapore. The acquisition includes ST Teleport’s teleport facilities and data centre infrastructure in Singapore, a major hub in Asia for global maritime and oil & gas customers. The acquisition enables […]
MTG has simultaneously agreed and completed the acquisition of DreamHack, one of the world’s largest esports companies. DreamHack runs both local and global esports leagues, tournaments and championships. The Scandinavian company’s seven live events in 2014 attracted a total audience of over 105,000 people, and esports fans have watched 34 million hours of DreamHack content […]
Charter Communications is in the process of buying Time Warner Cable, but the deal has provoked a number of objections from some of the USA’s smaller cable operators who are fearful that the influence of ‘cable guy’ John Malone in US broadcasting and cable is not necessarily healthy. One way or another John Malone has […]
Red Arrow Entertainment Group has acquired a majority stake in Karga Seven Pictures, a television production company based in Los Angeles. Karga also benefits from strong ties to the Turkish TV market and has offices in Istanbul. Founded in 2008, Karga has established itself as a leading creator and producer of factual entertainment, producing both […]
Liberty Global and Discovery Communications each have agreed in principle to purchase 5 million shares of Lionsgate, resulting in each having an approximately 3.4 per cent shareholding of Lionsgate’s current outstanding shares. Liberty Global and Discovery Communications will each pay approximately $195 million for their respective stakes in Lionsgate. Additionally, Liberty Global and Discovery Communications […]
Following the confirmation at the end of October that it was likely to take a majority stake in production company Newen, French commercial broadcaster TF1 and FLCP, the holding company of the Newen group, have signed an agreement under which TF1 will acquire a 70 per cent equity interest in FLCP, with the existing shareholders […]
3D cinema technology specialist RealD is being bought by private equity company Rizvi Traverse Management for $551 million (€513m). The transaction has been approved by the RealD board and upon completion the business will become a privately-held firm. RealD’s 3D projection technology is in some 27,000 screens globally. RealD chairman and CEO Michael Lewis said […]