Mergers & Acquisitions
The race to consolidate the cable space has stepped into high gear with Charter Communications offering $61.3 billion to acquire Time Warner Cable, the nation’s second largest cable operator.
Bloomberg said the offer - $83 in cash and $49.50 in Charter stock – is the third largest for a global company since 2009.
Verizon has just added some depth to its bench and increased its ability to deliver online video content, agreeing to buy content delivery network EdgeCast for between $350 million and $400 million, according to reports. The deal should close in the first half of 2014.
The acquisition follows on the heels of Verizon’s pick up of encoding specialist upLynk and significantly accelerates the communication company’s commitment to Internet TV and delivering online video.
Looking to buy a rival and avoid scrutiny from regulatory bodies?
You might try the strategy Comcast and Charter Communications reportedly are pondering in their pursuit of Time Warner Cable, the nation’s second-largest cable operator.
Some interesting details are coming out of the book "Netflixed," written by a Reuters reporter who covered the company. Amazon tried to buy Netflix for $12 million back in 1999, according to the book.
TiVo recently announced it purchased TRA, an audience research tech firm, for $20 million. The deal shows the importance of analytics and big data, and will close this month.