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Vivendi buys Mediaset Premium in share swap deal
2016-04-11 08:21:00| Telecompaper Headlines
(Telecompaper) French media giant Vivendi has reached an agreement to acquire the Mediaset Premium pay-TV business of Italian commercial broadcaster Mediaset as part of a wider deal that will see the two companies taking a 3.5 percent stake in each other. The share-based transaction values Mediaset Premium at EUR 800 million, with Vivendi acquiring Mediaset's 89 percent stake in the unit as well as the remaining 11 percent stake held by Spain's Telefonica. "The agreement with Mediaset confirms Vivendi's intention to build strong positions in Southern Europe, a market that shares a similar Latin culture and roots," said Vivendi in a statement, adding that its acquisition of Mediaset Premium serves to expand its presence in European pay-TV, increasing its global individual subscriber base to over 13 million.
Bharti buys Aircel 2.3-GHz spectrum
2016-04-11 02:00:00| Total Telecom industry news
Indian mobile market leader to pay 462 million for 2.3-GHz frequencies in eight circles.
Tags: spectrum
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Carl Icahn Buys Pep Boys, Xerox
2016-04-07 21:49:42| Auto Parts - Topix.net
Carl Icahn is an activist investor. He takes minority stakes in public companies and typically pushes for change.
Constellation buys Prisoner Wine Co for $285m
2016-04-06 17:59:34| Beverages - Topix.net
US drinks giant Constellation Brands has agreed to purchase The Prisoner Wine Company portfolio from Huneeus Vintners for a reported $285 million . The purchase of the Prisoner portfolio, which includes the flagship Prisoner Napa red blend along with Saldo, Cuttings, Blindfold and Thorn wines, is expected to be completed by the end of this month, Wine Spectator said.
Tags: wine
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Verizon buys 24.5% stake in AwesomenessTV
2016-04-06 15:40:00| Telecompaper Headlines
(Telecompaper) Verizon is expanding content available for its mobile TV service with the acquisition of a 24.5 percent stake in AwesomenessTV. Dreamworks Animation remains majority shareholder with 51 percent of AwesomenessTV, and Heart holds the remaining 24.5 percent. The Verizon investment values the media company at USD 650 million. In addition to its equity investment, Verizon will enter into an agreement with AwesomenessTV to create a premium short-form mobile video service. The new service will launch as part of Verizon's go90 mobile video service.
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