M&A


AT&T acquires full stake in Otter Media

AT&T has acquired The Chernin Group’s controlling interest in Otter Media, the joint venture between the two companies. Otter Media, a subscription, advertising and content company, comprises of wholly-owned subsidiary Ellation, an online subscription video service provider, with offerings under the Crunchyroll and VRV brands, as well as a full-service digital media company, Fullscreen. Otter […]

Fox posts offer note for Sky deal

Twenty-First Century Fox has put in an offer document and form of acceptance for its £14 a share offer to buy Sky. The move sees Fox temporarily table plans to make a higher bid than Comcast’s £14.75 offer. The deadline for Fox to set out a revised offer document is September 22. Sky has acknowledged […]

DOJ slams judge’s approval of AT&T/Warner merger

The US District Court’s greenlighting of AT&T’s merger with Time Warner merger was only possible because of Judge Richard Leon’s “erroneously ignoring fundamental principles of economics and common sense”, according to the Department of Justice. Outlining the reasons for its appeal against the judge’s rejection of its case that the merger should not go through […]

AMC agrees $274m deal to buy RLJ Entertainment

AMC Networks has entered a definitive agreement to acquire RLJ Entertainment for an aggregate value of US$274 million. RLJ Entertainment is the owner of two SVOD services, Acorn TV, the British content streamer that serves US audiences, and UMC (Urban Movie Channel). Together the services have over 800,00 subscribers. RLJ  also has a controlling interest […]

Disney/Fox shareholders approve $71.3bn merger

21st Century Fox and Disney shareholders have approved the acquisition of Fox’s entertainment business by Disney. Fox shareholders approved the company’s merger agreement with Disney and the agreement for the distribution of shares related to the spin-off of the ‘new Fox’ company headed by Lachlan Murdoch that will house Fox News and Fox Business Network as […]

Viacom confirms Awesomeness TV acquisition

Viacom has confirmed that it will acquire Awesomeness TV, a digital-first destination for original programming aimed at a Gen Z audience (those born in the mid-90s onwards). While Viacom did not state how much it would pay for the acquisition, The Hollywood Reporter has revealed that it is likely to be US$25 million plus debt. […]

Nine and Fairfax announce $4bn merger

Commercial TV network Nine Entertainment this morning confirmed it had agreed a merger deal with one of Australia’s most venerable legacy media companies, Fairfax Media. The deal will see Nine take a controlling 51.1% stake in Fairfax, and will create a company with a combined market value of $4.2bn. The company will take the Nine […]

Comcast drops bidding war with Disney

Comcast has dropped the bidding war with Disney to acquire assets from 21st Century Fox and will instead focus on the acquisition of Sky. “I’d like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company,” Comcast chairman-CEO Brian Roberts said […]

TBI Weekly: Is it the end of HBO as we know it?

John Stankey’s bid to “alter and change” HBO’s direction got people talking this week. Is this the end of the boutique operation as we know it? While talking to staffers on the impact the network’s recent merger with AT&T would have, he said the outfit would have to get “bigger and broader”. Despite never uttering […]

US gov’t to appeal merger go-ahead for AT&T, Warner

The US Department of Justice (DOJ) is to appeal the court decision approving the merger of AT&T and Time Warner in a move that surprised the US telecom giant. “The Court’s decision could hardly have been more thorough, fact-based, and well-reasoned.  While the losing party in litigation always has the right to appeal if it […]