Cisco’s has confirmed intent to acquire 1 Mainstream, a privately held company that offers a cloud-based video platform to launch live and on-demand OTT video services to a variety of devices. “Acquisitions are a foundational element of Cisco’s build, buy, partner, invest and co-develop approach to innovation,” Rob Salvagno, vice president of corporate development at Cisco. […]
Altice confirmed its annual profit target despite slowing Q3 sales at its French cable and mobile operator. Operating profit at the group rose by 13 per cent from the same quarter last year to €1.53 billion on a “pro forma” basis, which smooths out the impact of acquisitions on the group’s results. Sales slid 2.9 […]
Ericsson has announced the completion of the acquisition of Envivio. The transaction was completed through a merger of its indirect wholly-owned subsidiary, Cindy Acquisition Corporation, with and into Envivio. Envivio, survives the merger as a wholly-owned subsidiary of Ericsson. The merger follows the successful completion of the tender offer by Ericsson for all shares in […]
MTG has simultaneously signed and completed the sale of its Russian and international pay-TV channel businesses for a total consideration of $45.5 million. The Russian channel business comprises factual, movie and sports channels, while the international channel business comprises pan-regional factual channels and the TV1000 movie channels. These transactions do not include MTG’s other entertainment […]
British multinational telco Cable & Wireless Communications CWC) and cable MSO Liberty Global have confirmed they are in discussions regarding a possible shares and cash offer for CWC. Under British takeover rules, the company has until November 19 to decide whether to make a formal bid for Cable & Wireless. In a regulatory Statement, CWC […]
VideoJug Networks, the online TV group whose channels include Scoff, Pose and Decobliss has boosted its team, through the acquisition of the film and online assets of Bladonmore Europe, a specialist communications consultancy. VideoJug Networks has more than 40 million monthly network views across a range of owned channels. In recent months, it has also […]
James Murdoch, chief executive of 21st Century Fox, has revealed that the company intends to take full control of Sky, four years after it was forced to drop its plans to acquire BSkyB in the wake of a phone hacking scandal which embroiled News Corporation. In a detailed interview in the Hollywood Reporter (together with […]
The Australian Competition and Consumer Commission (ACCC) has announced that it will not oppose the proposed acquisitions by Foxtel and Ten Network. The ACCC’s decision is limited to Foxtel’s proposal to acquire up to 15 per cent of Ten, Ten’s proposal to acquire a 24.99 per cent stake in Foxtel’s advertising agency Multi-Channel Network (MCN), […]
SintecMedia has acquired Broadway Systems, a provider of broadcast management solutions. Broadway Systems manages several billion dollars in advertising revenues across news, sports, music, and entertainment networks for leading customers in the media industry, including three of the Top 15 rated cable television networks in the US. “We are excited about the addition of Broadway […]
ITV has agreed to acquire 10 per cent of UTV, which owns the television assets of UTV Media, for a total cash consideration of £100 million (€136m). This is subject to regulatory and UTV Media shareholder approval. The transaction will be financed through existing cash and debt facilities. The deal further strengthens ITV’s free to […]