The Ministry of Information and Broadcasting (MIB) has approved Arugn Technologies’ proposal to acquire Apollo Global-backed AION Capital’s stake in teleport operator Planetcast Media, marking a significant...
Warner Bros may reject Paramount’s latest hostile bid worth $108 billion despite Larry Ellison guarantee
Warner Bros. Discovery is likely to reject Paramount Skydance’s amended $108.4 billion hostile bid for the storied Hollywood studio, despite a personal guarantee from billionaire Larry Ellison backing the media...
Culver Max insolvency plea against fintech firm: NCLAT quashes NCLT order, directs fresh hearing
In a relief to Culver Max Entertainment (formerly known as Sony Pictures Network India), appellate Tribunal NCLAT has set aside an NCLT order rejecting the insolvency plea filed by the broadcaster against an Odisha...
Trump Media, which operates Truth Social, to merge with fusion firm TAE Technologies in $6 billion all-stock deal
Trump Media & Technology Group said on Thursday (December 17) it will merge with nuclear fusion company TAE Technologies in an all-stock transaction valued at more than $6 billion, a surprise move that would make...
Broadcaster E.W. Scripps rejects Sinclair’s $622 million takeover bid
U.S. broadcaster E.W. Scripps’ board on Tuesday unanimously rejected Sinclair’s $622 million acquisition proposal, saying it was not in the best interests of the company and its shareholders. Sinclair, which...
Paramount raises breakup fee in Warner Bros bid to $5 billion, Bloomberg News reports
Paramount Skydance has raised the proposed breakup fee in its bid to acquire Warner Bros Discovery to $5 billion from $2.1 billion, Bloomberg News reported on Wednesday, citing people familiar with the offer. The sum...
Sinclair offers to buy E.W. Scripps in bid to expand broadcast TV reach
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...
