New JV partners in the UK's biggest mobile network have announced the holding company will optimistically be called 'Everything Everywhere' and, as usual, the name is surrounded by TMs as though putting these words together was an original thought they can now protect. Thankfully, Orange and T-Mobile will continue as separate brands in the market […]
Harmonic and Omneon have confirmed the signing of a definitive agreement in which Harmonic would acquire Omneon for some $274 million in cash and Harmonic stock. The proposed acquisition would combine Harmonic's position in video delivery infrastructure with Omneon's technology for the production, management and distribution of digital media. “This proposed combination will position Harmonic […]
CNN, part of Time Warner, and CBS News have rekindled discussions to strike a news-gathering partnership for the third time over the last 13 years. A partnership would aim to defray the high cost of news gathering at a time when viewers have flocked to less objective channels such as MSNBC and Fox News, or […]
News Corp has acquired Irata Labs, a developer of social games across Twitter and Facebook. It seems Irata will be tapped to work with various News Corp. holdings when needed, rather than folded into MySpace or News Corp's existing games companies. At the moment, the company says it's developing a location-based platform for social gaming. […]
From David Del Valle in Madrid Mediaset-controlled Tele 5, Spanish biggest private TV broadcaster, has signed an agreement with media company Prisa to take over commercial TV channel Cuatro and acquire a 22 per cent stake of digital DTH platform Digital Plus. Tele 5 is paying E491 million to Prisa in cash for the Digital […]
OpenTV has completed the previously announced acquisition and OpenTV is now fully owned by the Kudelski Group. In a statement, The Kudelski Group said that it “sees a significant potential in the integration of the teams and product roadmaps of both OpenTV and the Kudelski Group's digital television division. A unified market vision will allow […]
The owner of Channel Five, RTL, is reported to have made a renewed approach to Channel 4 about a possible commercial tie-up between the two UK broadcasters. RTL chief executive Gerhard Zeiler, who recently admitted that Five’s value lay as an asset in the expected consolidation of the UK TV market, is said to have […]
The shakeout of the online video services space continues. KIT Digital, the online video tools player now based in Prague, has bought rival video player Multicast, for about $18 million, a week after it announced closing a $15 million equity offering. Of the $18 million KIT-Multicast deal, $4.9 million is in cash and the rest […]
UK STB manufacturer Pace has reported revenues increased 52 per cent to £1.133 billion (E1.248bn) in the year to end-December 2009, up from £745.5 million the previous year. Profit before tax was up 405 per cent to £69.9 million. Neil Gaydon, CEO, said: ‘In 2009 Pace delivered exceptional growth and record results and is now […]
The European Commission has granted clearance for the proposed merger of the UK businesses of Deutsche Telekom and France Telecom. The new joint venture company is expected to generate estimated synergies with a value in excess of E4 billion. The new business will have pro forma 2009 revenues of approximately E8.5 billion and EBITDA of […]