OSN owner ‘rejects’ $3.2bn takeover offer

Kuwait Projects Company (Kipco) has reportedly rejected a US$3.2 billion offer from an unnamed US private equity group for a majority stake in pay TV operator OSN. The private equity group’s offer comprised US$2.4 billion in cash and a further UIS$800 million that would have been subject to certain conditions being met, for a stake […]

Kipco receives offer for Middle East’s OSN

Kipco, the majority owner of Middle East pay TV provider OSN, has received an offer for the company from an unspecified bidder. Kipco said it would evaluate the non-binding confidential offer and present it its board and minority ownership partner Mawarid Group. The group didn’t identify the buyer or the price. Dubai-based brokerage firm Arqaam […]

OSN acquires South Asian channel provider

Middle East pay TV operator OSN has acquired South Asian channel provider Pehla Media & Entertainment. The company, which will now be renamed OSN Pehla, provides about 40 channels in Hindi, Urdu, Bengali, Tamil and Malayalam aimed at expatriate workers living in the Middle East and North Africa. In OSN’s home market of the UAE, […]