U.S. broadcaster Sinclair has offered to buy E.W. Scripps in a cash-and-stock deal that values its smaller rival at $538 million, as cord-cutting and competition from streaming services lead to consolidation in the...
Daily Mail owner strikes $650 million deal to buy the Telegraph
Daily Mail owner DMGT said on Saturday it had struck a 500 million pound ($650 million) deal to buy rival newspaper The Telegraph in a tie-up that would create one of the most powerful right-leaning media groups in...
Fairfest Announces the Acquisition of WTE Miami
Fairfest Media, organizers of OTM, the leading travel show in Asia, today announced the acquisition of WTE Miami, the fastest-growing travel trade show in the United States. The acquisition marks a milestone in...
RedBird’s bid for UK’s Telegraph collapses after newsroom opposition
U.S.-based private investment firm RedBird Capital Partners on Friday pulled out of a 500-million-pound ($671-million) bid for Britain’s Telegraph Media Group, the latest twist in a two-and-a-half-year saga at one...
Sky-owner Comcast in talks to buy ITV’s broadcasting arm, Bloomberg News reports
Sky News-owner Comcast is in talks to buy British broadcaster ITV’s media and entertainment unit, Bloomberg News reported on Thursday, citing people with knowledge of the matter. A person familiar with the matter...
Netflix taps bank to explore bid for Warner Bros Discovery
Netflix is actively exploring a bid for Warner Bros Discovery’s studio and streaming business, retaining a financial advisor and gaining access to financial information, according to three sources familiar with...
Betclic-owner Banijay buys Tipico stake from CVC in deal valuing betting firm at $5.4 billion
French media group Banijay will buy a majority stake in betting firm Tipico from private equity group CVC, it said on Tuesday, in a move that will create one of Europe’s biggest online gaming operators. Banijay, whose...
Grindr shareholders offer to take dating app private for $3.46 billion
Two Grindr board members, part of an investor group that owns more than 60% of the company, have proposed to take one of the world’s most recognized dating platforms for the LGBTQIA+ community private for about $3...
David Ellison’s Paramount seen as front-runner for Warner Bros Discovery deal
David Ellison’s Paramount Skydance is seen as the top contender to buy Warner Bros Discovery, with analysts and experts saying the tech scion’s access to deep pockets and Washington ties give him an edge in...
Warner Bros rebuffs Paramount takeover approach, Bloomberg News reports
Warner Bros Discovery has rebuffed Paramount Skydance’s initial takeover approach as too low, Bloomberg News reported on Saturday. Warner Bros rejected Paramount’s offer of around $20 per share in recent...
Australia media groups announce $274 million merger as they battle streaming giants
Australia’s Seven West Media said it would merge with Southern Cross Media to create a A$417 million ($273.97 million) metropolitan and regional media group to better compete with global streaming platforms. Seven...
Italian MFE in talks on possible purchase of stake in Portugal’s Impresa
MFE-MediaForEurope, the TV group controlled by Italy’s Berlusconi family, is in exclusive talks on the purchase of a relevant stake in the Portuguese media group Impresa, Impresa said on Saturday. It said in a...
