Proving the attractiveness of multichannel networks to established media players, the ProSiebenSat.1 Group is continuing to internationalise its online video business, founding Collective Studio71, a globally-operating multichannel network (MCN) with locations in LA, New York, Berlin, and London. To do so, the media company is acquiring a majority interest in Collective Digital Studio (CDS), one […]
German media group ProSiebenSat.1 and publisher Axel Springer are reportedly in merger discussions. If the talks continue, it could lead to a united operation worth around €14.5 billion. The Wall Street Journal broke the news late on Monday, saying that any final conclusion would need regulatory and anti-trust approvals, and which might be tough to […]
Vivendi has decided to raise the price of its public tender offer from €7.60 to €8 to reinforce the attractiveness of its proposed public tender offer to the shareholders of the Société d’Édition de Canal Plus (SECP). The French media group announced in mid-May an offer of €495 million for a controlling stake in pay-TV […]
A consortium of investors led by Far EasTone Telecommunications Co. and Morgan Stanley’s private equity arm are nearing a $2.3 billion deal to buy China Network Systems, Taiwan’s largest cable-television operator from Asia-focused private-equity firm MBK Partners LP, reports the Wall Street Journal. Such a deal would allow Far EasTone to bundle its mobile phone […]
CTC Media, Russia’s leading independent media company, has announced developments in connection with its response to the amendment to the Russian law ‘On Mass Media’, which will impose further restrictions on non-Russian ownership of Russian television companies beginning January 1st 2016. The Company has received a formal, non-binding offer from UTH Russia, a privately held […]
TV3 Group, Ireland’s leading commercial television broadcaster, has confirmed that its shareholder Doughty Hanson has agreed terms for its sale to UPC, a wholly-owned subsidiary of Liberty Global plc and Ireland’s leading connected entertainment provider that offers over one million television, broadband and phone subscriptions to nearly 512,000 customers. Liberty Global is the largest international […]
There are Italian press reports that Sky (which controls the Sky UK, Sky Germany and Sky Italia broadcasters) has offered €1.1 billion to buy Mediaset’s pay-TV arm, which Mediaset has rejected. In a note to clients, investment bank Exane BNP-Paribas hints that this is good news for both Mediaset and Sky. The bank’s report says […]
Scripps Networks Interactive has closed on its agreement to acquire a 52.7 per cent interest in Poland’s premier multi-platform media company, TVN, from ITI and Canal+ Group for an all-cash consideration of €584 million. Scripps Networks Interactive will also assume €856 million of debt. “The acquisition of TVN marks an important step forward in Scripps […]
The glass fibre optic cable network in the municipality of Maladers in the canton of Graubünde has so far been run by cable operator Tele Maladers, Genossenschaft für das Kabelfernsehen. The operator has now sold the glass fibre optic cable network to long-term partner upc cablecom effective immediately. Thanks to upc cablecom’s acquisition of the […]
French media giant Vivendi has closed the acquisition of an 80 per cent stake in video-sharing portal Dailymotion from Orange for €217 million. The pair announced on April 7 that they had entered into exclusive negotiations regarding the acquisition. Orange will retain a 20 per cent stake in the company. The acquisition gives Vivendi access […]