Broadcom is to acquire Gigle Networks, a privately-held company that develops system-on-a-chip (SoC) solutions for home networking over power lines. When combined with Broadcom’s portfolio of wired and wireless solutions for the home, Gigle Networks’ technology will widen the breadth of Broadcom’s intellectual property and enable the design of more highly integrated SoCs that allow […]
The Church of England has joined calles for News Corp’s proposal to take full control of satellite broadcaster BSkyB to be stopped. In its submission to Ofcom, the Church said that a takeover might lead to a harmful concentration of media power. News Corp would dominate UK television and newspapers it said. The Church’s spokesman […]
UPC Hungary, part of Liberty Global, is set to purchase a third of the cable television network of Fibernet Kommunikációs. The transaction could be completed in the first quarter of 2011 after receiving the approval of the competition office GVH. Fibernet provides cable television, broadband, Internet and telephone services to over 150,000 households. The purchase […]
James Murdoch has made his toughest statement yet on what could happen should British media regulators refuse News Corp’s bid to acquire the 61 per cent of BSkyB it does not own. He told delegates at Morgan Stanley’s annual media and telecoms conference in Barcelona that the UK government must decide whether it wants to […]
Telecinco, Spain’s largest commercial television station, has said it will raise €499 million to finance the purchase of a stake in pay-TV company Digital Plus. Telecinco will offer investors 5 new shares for every 14 owned at €5.75 each, the Madrid-based broadcaster said in a regulatory filing. Parent Mediaset will take up its rights, Telecinco […]
On the heels of buying the BBC out of its international business, Discovery now seems the favourite to buy UKTV from Virgin Media. The channel line up has been on the block for some time, and not for the first time, but reports say the same old problems in closing a deal persist: the complexity […]
Federal regulators in the US have told Comcast and NBC Universal that they have concerns the proposed merger will harm competition. The Justice Department’s antitrust division and Federal Communications Commission are expected to approve the merger on the condition the companies agree to allow competitors – such as Time Warner Cable, Dish Network and even […]
BBC Worldwide has sold its 50 per cent share in its global TV channels joint venture with Discovery for $156 million. The sale comes nearly 12 months after a BBC Trust review said the corporation’s commercial arm should sell its non-BBC branded international channels. The BBC sold its 20 per cent interest in Animal Planet […]
Cyfrowy Polsat SA, Poland’s biggest satellite television broadcaster, has agreed to buy Telewizja Polsat SA, its parent company which is also controlled by billionaire Zygmunt Solorz-Zak , for 3.75 billion zloty ($1.3bn). Cyfrowy will pay 2.6 billion zloty in cash and the rest in the form of 80 million new shares valued at 14.37 zloty […]
Mediaset’s Tele 5 and Telefonica have been cleared to take a 22 per cent stake each in the digital DTH platform Digital Plus but with limited voting rights in the management of the company. Media group Prisa will retain a 56 per cent stake. Spain’s competition watchdog the CNC has shelved the legal proceedings, giving […]