Media and Technology NEWS

Virgin agrees $23bn merger with US-based Liberty Global

US cable TV operator Liberty Global Inc (NASDAQ:LBTYA) has agreed to take over UK broadband andcommunication group Virgin Media Inc (NASDAQ:VMED, LON:VMED) in a cash-and-stock deal worth some USD23.3bn (EUR17.1bn), in a move … Continue reading “Virgin agrees $23bn merger with US-based Liberty Global”


Private equity firms KKR and Permira to sell ProSiebenSat stake — report

Buyout firms KKR & Co LP (NYSE:KKR) and Permira Advisers LLP are considering selling their majority interest in German broadcaster ProSiebenSat.1 Media AG (ETR:PSM) to a trade buyer, the Financial Times reported. Informed … Continue reading “Private equity firms KKR and Permira to sell ProSiebenSat stake — report”


Private equity firms team up to bid for Vivendi’s Brazilian unit GVT

A group of private equity firms, including KKR & Co LP (NYSE:KKR) and Apax Partners LLP, intends to make a joint bid of as much as USD5bn (EUR3.7bn) for Brazilian telecommunications company Global … Continue reading “Private equity firms team up to bid for Vivendi’s Brazilian unit GVT”


Search company Yahoo! acquires social bookmarking service Snip.it

Yahoo! Inc (NASDAQ:YHOO) has acquired domestic social bookmarking service Snip.it, the US search engine provider said. The terms of the transaction were not revealed. Technology blog AllThingsD was the first to report the … Continue reading “Search company Yahoo! acquires social bookmarking service Snip.it”


US Liberty Media walks away from deal to acquire Belgian Telenet

US cable TV company Liberty Global Inc (NASDAQ:LBTYA) said it would not prolong its offer for Belgian takeover target Telenet Group Holding NV (EBR:TNET) after the expiration deadline set for today. In an … Continue reading “US Liberty Media walks away from deal to acquire Belgian Telenet”


Terra Firma revisits plans to sell UK cinema operator Odeon & UCI

UK private equity group Terra Firma Capital Partners Ltd plans to shed cinemas operator Odeon & UCI group this year after it put sale talks on ice two years ago in favour of … Continue reading “Terra Firma revisits plans to sell UK cinema operator Odeon & UCI”


Cisco, NXP invest in Australian wireless communication firm Cohda

US networking equipment maker Cisco Systems Inc (NASDAQ:CSCO) and Dutch chip maker NXP Semiconductors NV (NASDAQ:NXPI) said today that each had put an undisclosed amount into Australian wireless communication specialist Cohda Wireless Pty … Continue reading “Cisco, NXP invest in Australian wireless communication firm Cohda”


Apple not interested in acquiring Israeli social app maker Waze — report

US technology giant Apple Inc (NASDAQ:AAPL) does not plan to acquire Israeli social mobile applications provider Waze Ltd, CNET said quoting a knowledgeable source. The report follows speculations that the parties were in … Continue reading “Apple not interested in acquiring Israeli social app maker Waze — report”


UK private equity firm CVC acquires Italian information group Cerved

UK-based private equity major CVC Capital Partners Ltd said it had agreed to buy Italian business information provider Cerved Group SpA for EUR1.13bn (USD1.5bn). The vendors are US buyout firm Bain Capital LLC … Continue reading “UK private equity firm CVC acquires Italian information group Cerved”


TeleCommunication Systems sells 2 single gesture map navigation patents to IP Cube Partners

TeleCommunication Systems, Inc. (NASDAQ: TSYS) and IP Cube Partners Co. Ltd of South Korea, said that TCS has sold two of its US patents to IP Cube Partners for a multi-seven-figure payment.


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