Canadian pension fund PSP Investments and its partners have agreed to buy the French operations of telecoms and transmitter masts group TDF in a deal worth about €3.5 billion, reports Reuters. The sale will help TDF’s owners – private equity funds TPG, Charterhouse, Ardian and state bank Bpifrance – to pay down the group’s €3.8 […]
Multinational cable and telecommunications company Altice has made a binding, fully-financed offer to purchase the Portuguese assets of Portuguese quad-play telco Portugal Telecom from Oi, the largest telecommunications company in Brazil and South America, both in terms of subscribers and revenues. These assets comprise the existing business of Portugal Telecom outside of Africa and excludes […]
Rovi has acquired Fanhattan, a venture-backed startup, in an all-cash transaction. Fanhattan pioneers innovative ways to discover media and entertainment on any screen, from any source, through its cloud-based Fan TV branded products. This acquisition accelerates Rovi’s vision to deliver next-generation guidance and discovery using advanced cloud, user interface and hardware technologies. Fan TV seamlessly […]
European entertainment network RTL Group is to acquire a controlling stake in StyleHaul – the leading multi-channel network on YouTube for fashion, beauty and lifestyle – for $107 million (€85m), valuing the company at $151.4 million. In addition, the parties have agreed to earn-out mechanisms that might increase the initial consideration, subject to the future […]
Media protection and value-added service technology provider The Kudelski Group has sold the advertising business unit of its OpenTV subsidiary to media software and video infrastructure solutions specialist Imagine Communications. “With this transaction, the Kudelski Group continues to streamline its business portfolio as it increases focus and investment in its core business of content security […]
Lagardère Active has bought the 34 per cent of shares owned by France Television in youth and family DTT channel Gulli. Lagardère intends to launch an African French and English version next year. The channel is already operating in Russia, along with preschool network TiJi. Following two years of talks, the groups have finally agreed […]
San Francisco-based technology company Dolby Laboratories has been given EU clearance to proceed with its acquisition of cinema technology business Doremi. The European Commission, in its decision, said that while there was some overlap between the two businesses they did not constitute a distortion of the market. “The proposed transaction would not lead to any […]
Net Insight, a provider of transport solution for the broadcast and IP media industries, has reported that net sales were at SEK 112.2 million in Q3 – a 67.6 per cent growth year on year. Operating earnings were SEK 31.4 million, corresponding to an operating margin of 28 per cent. Net Insight CEO Fredrik Tumegård […]
AMC Networks the global entertainment company behind acclaimed series The Walking Dead, Mad Men, and Rectify, is paying $200 million for a 49.9 per cent share of the BBC AMERICA channel. The agreement is structured as a long-term equity joint venture, with BBC Worldwide retaining 50.1 per cent. AMC Networks will have operational control of […]
The Federal Communications Commission (FCC) pulled the plug on a pair of cable and DTH ‘super mergers’. The FCC cited a series of significant objections from broadcasters and content suppliers to the cablecos who do not want their confidential carriage fee contracts exposed. The decision directly affects the AT&T proposed merger with DirecTV, as well […]