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...
Media
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...
What hurdles lie ahead for any US-China TikTok deal?
Questions and potential hurdles surround a framework agreement announced on Monday between the U.S. and China that would switch short-video app TikTok to U.S.-controlled ownership, including whether any deal will comply...
Paramount Skydance preparing bid for Warner Bros Discovery, source says
Paramount Skydance is preparing a bid to buy Warner Bros Discovery, a source familiar with the matter told Reuters on Thursday, potentially bringing together two storied Hollywood studios and reshaping the entertainment...
Paramount Skydance preparing bid for Warner Bros Discovery, source says
Paramount Skydance is preparing a bid to buy Warner Bros Discovery, a source familiar with the matter told Reuters on Thursday, potentially bringing together two storied Hollywood studios and reshaping the entertainment...
Minute Media acquires video editing software startup VideoVerse
Minute Media, a global sports publishing and ad technology platform, has acquired Alpha Wave Global-backed video editing software startup VideoVerse, the company said on Tuesday. With this acquisition, Minute Media...
Italy’s Bending Spoons to take Vimeo private in $1.38 billion deal
Video platform Vimeo, whose popularity surged during the pandemic, said on Wednesday it will be acquired by Italian app developer Bending Spoons for about $1.38 billion, a deal that would take it private after more than...
Nexstar to buy smaller rival Tegna for $3.54 billion in big local-TV deal
Nexstar Media has agreed to buy smaller rival Tegna for $3.54 billion, creating a local-TV powerhouse that seeks to compete better with Big Tech and national media for advertising dollars. Acquiring Tegna will expand...
Sinclair offers to merge broadcast TV business with rival Tegna, source says
U.S. television station owner Sinclair has made an offer to merge its broadcast TV business with smaller rival Tegna, which is in advanced talks on a potential sale to Nexstar Media Group, a person familiar with the...
TV broadcaster Nexstar in advanced talks to acquire rival Tegna, source says
Television broadcaster Nexstar Media Group is in advanced talks to acquire rival Tegna, a person familiar with the matter told Reuters on Friday. Shares of Tegna surged 30% in extended trading following the report...
Paramount closes $8 billion merger with Skydance after settling ’60 Minutes’ lawsuit
Paramount Global and Skydance Media completed their $8.4 billion merger on Thursday, capping a drawn-out deal process marked by political scrutiny and shareholder concerns. Renamed “Paramount Skydance Corp”...
