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...
DirecTV to drop Dish acquisition plan if EchoStar debt-exchange offer fails
Satellite TV provider DirecTV said on Tuesday it will abandon its planned acquisition of EchoStar’s satellite television business that includes Dish TV by Nov. 22 if bondholders don’t agree to a debt...
European Commission clears Reliance-Disney merger deal
The European Commission has approved the creation of a joint venture, Star India, by Reliance Industries Ltd (RIL), The Walt Disney Co. (TWDC), and BTS Investment 1, the latter owned by James Murdoch and Uday Shankar...
Bankruptcy court rejects plea to implement Zee-Sony merger
The Mumbai bench of the bankruptcy court recently disposed of an application filed by Phantom Studios India (PSIPL), which sought to implement a merger scheme between Zee Entertainment Enterprises (ZEEL) and Sony Group...
Reliance-Disney merger: CCI approves $8.5-billion deal in detailed order — Here’s what it entails
The Competition Commission of India (CCI) on Tuesday, October 22, published the 48-page detailed order approving the mega media assets merger of Reliance Industries and Walt Disney, entailing various conditions...
RIL expects Star-Viacom18 merger deal closure in Q3
Reliance Industries Limited (RIL)-owned Viacom18 and Walt Disney’s Star India are expected to complete their merger by the third quarter of this financial year, pending additional approvals, according to a...
