Billionaire Elon Musk said that he was not interested in purchasing TikTok, the popular short-video app that the United States has been trying to ban over national security concerns with its Chinese owner ByteDance...
Warner Music acquires controlling stake in Tempo Music from Providence Equity
Warner Music Group (WMG) has acquired a controlling stake in Tempo Music Investments, an investment platform for premium music rights, from Providence Equity Partners, which will remain a minority investor in Tempo and...
ITV, RedBird IMI in early-stage talks to merge production businesses, sources say
British broadcaster ITV has been holding early-stage talks with Abu Dhabi-backed group RedBird IMI about a possible merger of their respective production businesses, two people with knowledge of the situation said. The...
Getty Images explores merger with Shutterstock, Bloomberg News reports
Getty Images Holdings is exploring a merger with its rival Shutterstock, Bloomberg News reported on Friday, citing people familiar with the matter, sending the stock of both image licensing companies up in afternoon...
NCLAT clears Sapphire Media’s acquisition of Big 92.7 FM, upholds order
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld the approval of Sapphire Media’s resolution plan for acquiring Big 92.7 FM, owned by Reliance Broadcast Network Limited, dismissing a batch of...
Murdoch’s News Corp to sell Foxtel to DAZN for $2.1 billion
News Corp has agreed to sell its Australian cable TV unit Foxtel to British-owned sports network DAZN for A$3.4 billion ($2 billion) including debt, cutting the Murdoch-controlled media empire’s exposure to a...
Ad giants Omnicom and Interpublic in merger talks, WSJ reports
Advertising and marketing conglomerate Omnicom Group is in advanced talks to acquire Interpublic Group in an all-stock deal that would value Interpublic between $13 billion and $14 billion, excluding debt, the Wall...
Ipsos weighs binding offer to buy Kantar Media, sources say
French market research group Ipsos is preparing a binding offer to buy the TV ratings data business from market research group Kantar, two people with knowledge of the matter told Reuters. Ipsos, with headquarters in...
DirecTV terminates Dish deal over failed debt swap
U.S. satellite TV provider DirecTV said on Thursday it had terminated its agreement to acquire Echostar’s satellite television business, which includes rival Dish TV, over a failed debt-exchange offer. The deal...
Comcast to spin off some cable TV networks as streaming dominates
Comcast said on Wednesday that it plans to spin-off the bulk of its fading NBCUniversal cable TV networks, including MSNBC and CNBC, as the company said it is repositioning itself for growth in the streaming era. Shares...
Trump’s social media group in talks to buy Bakkt, FT reports
Donald Trump’s social media company is in advanced talks to buy crypto trading firm Bakkt, the Financial Times reported, on Monday, citing two people with knowledge of the talks. Trump Media and Technology Group...
Italy’s Moltiply sole suitor for ProSieben’s e-unit Verivox, sources say
Italy’s Moltiply Group has emerged as the only bidder for German media group ProSiebenSat.1’s price comparison portal Verivox, two sources close to the matter said. Verivox’s sale process is being...
