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...
Tribunal orders lenders of insolvent Siti Networks to return ₹148 crore to company
An insolvency tribunal has directed Axis Bank and other financial creditors of bankrupt Siti Networks to repay the company ₹143 crore. Siti Network, part of the Essel Group, is undergoing insolvency proceedings. The...
AT&T sells stake in DirecTV to TPG for $7.6 bln
AT&T said on Monday it would sell its entire 70% stake in satellite TV provider DirecTV to private equity firm TPG for $7.6 billion, exiting a business marked by declining distributions for the telecom operator...
John Malone’s Liberty Broadband Seeks Merger With Charter Cable
Cable billionaire John Malone’s Liberty Broadband Corp. is proposing an all-stock merger with Charter Communications Inc., one of the top pay-TV providers in the US and another of the media investor’s key holdings. In a...
