20 September 2018
A bidding war between media titans for Sky, a European satellite broadcaster, will be settled on Saturday in a rare auction of a public company, The Economist reported. British regulators announced the unusual decision yesterday, the climax of a high-stakes corporate drama pitting Rupert Murdoch of 21st Century Fox, which already owns 39% of Sky, against Brian Roberts of Comcast.
15 September 2018
Shareholders in Oi, Brazil’s largest fixed-line telecoms operator, meet today to discuss a new capital injection, The Economist reported. In 2016 the company filed for bankruptcy amid Brazil’s worst-ever recession, saddled with BRL 65bn (US$ 16bn) of debt. It was Latin America’s largest corporate default. After months of delays resulting from Brazil’s byzantine bankruptcy laws, a rescue plan was approved by a court in January. In exchange for 75% of the company’s equity, creditors agreed to inject BRL 4bn in new capital to upgrade the firm’s mobile and broadband services, which lag behind its competitors’.
By Helena Soderpalm, Olof Swahnberg
20 July 2018
Sweden’s Telia Company (TELIA.ST) announced a US$ 1bn deal to buy Bonnier Broadcasting on Friday, its second major acquisition in a week as the top Nordic telecoms operator looks to expand its media business.
Bonnier Broadcasting, owned by a prominent Swedish family, includes brands such as Swedish TV4 and streaming service C More and Finnish MTV.
10 July 2018
Univision Communications Inc said on Tuesday it has initiated a formal process to explore the sale of the Gizmodo Media Group (GMG) and The Onion.
The Spanish language broadcaster said it hired Morgan Stanley as a financial adviser to assist in the sale process. The GMG digital portfolio includes Gizmodo, Jezebel, Deadspin, Lifehacker, Splinter, The Root, Kotaku, Earther and Jalopnik, while The Onion assets include The Onion, Clickhole, The A.V. Club and The Takeout.
By Eliana Raszewski
29 June 2018
Argentina’s anti-trust regulator on Friday approved a merger between Telecom Argentina TEC2.BA and cable TV provider Cablevisión (CVH.BA), allowing the creation of the largest telecommunications group in the country.
The CNDC regulator attached several conditions to the deal, which was also approved by Argentina’s ENACOM communications regulator in December.