Media and Technology NEWS

Telecom Italia in exclusive talks to sell La7 stake to Cairo Communications

Telecom Italia SpA (BIT:TIT) said its board had agreed to begin exclusive negotiations with media firm Cairo Communication SpA (BIT:CAI) about the sale of its entire stake in TV channel La7 Srl, part … Continue reading “Telecom Italia in exclusive talks to sell La7 stake to Cairo Communications”


US hedge fund Omega Advisors leaves Apple for Facebook

Leon Cooperman’s hedge fund Omega Advisors divested the shares it held in US technology major Apple Inc (NASDAQ:AAPL) and acquired new shares in Facebook Inc (NASDAQ:FB) and in oil and gas company SandRidge … Continue reading “US hedge fund Omega Advisors leaves Apple for Facebook”


Regulators investigate Arris’s planned acquisition of Motorola Home from Google

he US Department of Justice (DOJ) has asked for additional information regarding Arris Group Inc’s (NASDAQ:ARRS) planned USD2.35bn (EUR1.8bn) buy of Google Inc’s (NASDAQ:GOOG) Motorola Home business, the buyer said. DOJ’s second request … Continue reading “Regulators investigate Arris’s planned acquisition of Motorola Home from Google”


Warner Music agrees £487m deal to acquire UMG’s Parlophone

US recording companies Universal Music Group Inc (UMG) and Warner Music Group have signed a definitive agreement that will see the latter pay GBP487m (USD765m/EUR571m) for Parlophone Label Group (PLG). In September 2012, … Continue reading “Warner Music agrees £487m deal to acquire UMG’s Parlophone”


Facebook overtakes Google as the world’s most popular website

Facebook has overtaken Google as the world’s most popular website, with 837 million unique visitors in 2012, according to digital analytics group comScore. Google, which entered the search engine market in the 1990s … Continue reading “Facebook overtakes Google as the world’s most popular website”


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”


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