AMC has taken a minority share in Funny or Die, the online comedy channel, in a deal that aims to leverage the strength that AMC-owned IFC has in the linear space and Funny or Die has online and in social media.
Another blockbuster deal in the media landscape means another battle with regulators after AT&T this weekend agreed to acquire Time Warner for $85.4 billion.
Talks between senior executives of AT&T and Time Warner are spurring takeover talks that bumped Time Warner stock nearly 5% Thursday and nearly 10% Friday after a report that a merger could come as soon as this weekend.
No, the world hasn’t ended, but hell apparently, has frozen over. ESPN is going over the top, direct to consumers, something the pundits said would never happen.
Outerwall, which is parent to the Redbox movie rental service, is being acquired by Apollo Global Management for $1.6 billion, about $52 a share. Apollo plans to take the firm private.
Redbox, which rents DVDs to consumers through its network of more than 40,000 rental kiosks in the U.S., United Kingdom and Ireland, has been struggling as more consumers eschew digital media and opt for streaming or downloadable movies and TV shows instead. It also operated 21,000 Coinstar kiosks.
Verizon, the odds-on favorite to buy Yahoo, today finalized the deal, paying $4.83 billion for Yahoo’s Web assets and in the process expanding its digital advertising business.
European telecoms group Altice has wrapped up its $10B acquisition of Cablevision, which it now will merge with Suddenlink to create the fourth largest broadband provider in the United States. Altice paid $9.1 billion for a controlling stake in Suddenlink before it made the offer for Cablevision.
The new Cablevision will have 4.6 million customers in 20 states.
It appears Verizon isn’t the only company that has Yahoo on it’s shortlist.
CNBC is reporting that there have been multiple offers made to the troubled Internet portal for its core business, several above $5 billion, which puts Verizon’s reported $3.5 billion bid in the rearview mirror.
Yahoo’s board meets Friday to weigh the offers it’s received.
The disparity in bids may be due to different offers being made for different Yahoo “core” assets.
Argentina’s state-owned communications operator Arsat and Buenos Aires-based cable company TeleCentro could be in play, with published reports saying America Movil is interested in acquiring assets from both companies.
América Móvil chief Carlso Slim reportedly has met with Argentina’s President Mauricio Macri, shopping for radio spectrum and fiber deployments that span the country.
AT&T has long maintained it can DIY it's over-the-top ambitions -- mostly -- but apparently, not anymore.
The telco today announced it is acquiring Quickplay, a Canadian OVP owned by Madison Dearborn Partners that has seen moderate success in Asia and elsewhere, most notably being the launch partner for Netflix competitor HOOQ.
Comcast reportedly has acquired French ad video tech company StickyAds.tv, in a deal that published reports say is worth at least $100 million.
StickyAds.tv is a supply side platform that Recode reported will become part of Comcast’s FreeWheel ad unit. The cableco bought FreeWheel just two years ago.
The Paris-based startup helps publishers and TV broadcasters sell their video advertising inventory online and on TV.
Online video platform Vimeo will acquire white-label online-video platform VHX, helping Vimeo develop subscription VOD channels for its customers that include individuals, indie creators, brands and media companies. Terms of the deal were not shared.