Telecom Italia will incorporate its Telecom Italia Media unit (in which it has 78 per cent) after a buyout offer in shares which should be completed by the end of September. The boards of the two companies approved a plan that will see Telecom Italia offering 0.66 ordinary shares for each TI Media ordinary share […]
Numericable (and Altice) are looking to buy the 20 per cent stake in its company held by Vivendi, and is offering €40 a share, which is about 25 per cent below their market value. Investment bankers Exane BNP-Paribas states that the offer “is a bit stingy”, and argues that even with the obvious benefit of […]
French media giant Vivendi says it has received a “binding offer” from Altice and Numericable-SFR for its remaining 20 per cent stake in Numericable-SFR, at a price of €40 a share, and equivalent to €3.9 billion. Vivendi’s Supervisory Board will make a decision on February 27th. However, the price on offer is almost 25 per […]
MTG has completed the sale of its 50 per cent stake in Swedish cable TV company Sappa to Finnish telecom operator Anvia for an enterprise value (on a 100 per cent basis) of SEK 135 million (€14m). Sappa delivers TV channel packages to 350,000 Swedish households through cable and IPTV networks. Sappa was founded as […]
European cable operator Liberty Global’s German unit has reached an agreement with two companies who objected to its €3 billion purchase of cable provider KabelBW. A regional court in Duesseldorf ruled in 2013 that the cartel office must re-examine the case to either block it or force the firms to offer more concessions to protect […]
Major media and entertainment giants kept merging, buying and getting bigger throughout 2014. The consolidation furore showed no signs of abating even as the pricetag for these conglomerate hook-ups climbed sharply. Thanks to a few high profile marriages, such as the proposed $48.1 billion merger of
Sony Pictures Television (SPT) Networks has reached an agreement to acquire the Hungarian VIASAT3 and VIASAT6 TV channels from international entertainment group MTG (Modern Times Group). Terms of the deal have not been disclosed. The two channels will expand the current portfolio of SPT brands in Hungary, which already includes the AXN, AXN White and […]
Star India, a unit of 21st Century Fox, has confirmed the acquisition of Telugu television channel network Maa TV. The acquisition would give Star India access to the Telegu TV market—the second largest regional market in India in terms of revenue potential, said the company. “The Telugu market is an important market however the pace […]
ThinkAnalytics, developer of a multiplatform TV search and recommendations engine, has announced year-on-year revenue growth of 50 per cent for the year ending December 31st 2014; profits were up by 200 per cent over the same period. New customers that signed in 2014 include Fox, Sony, Sunrise, Get and Viaplay. The company also won several […]
Atresmedia, operator of Antena 3 TV and La Sexta among other channels in Spain, is seeking to expand into Latin America and the US through the acquisition of TV channels or TV licences. CEO Silvio Gonzalez told El Economista: “We are open to any type of investment in the Audio Visual Latin American world. We […]