DirecTV shareholders approved the satellite TV provider's proposed merger with AT&T, an action that removes one of the final hurdles to the blockbuster telecom transaction.
DirecTV shareholders are more than okay with the proposed buyout of the company by AT&T. The satellite operator said Thursday that shareholders overwhelmingly approved the merger, with 99 percent voting in favor on a base representing 77 percent of all outstanding company shares.
Representatives for Starz met in Los Angeles Tuesday with 21st Century Fox, discussing the possibility of having the conglomerate buy the premium cable programming service.
Through their joint venture Otter Media, AT&T and the Chernin Group have confirmed their earlier reported intention to buy YouTube programming network Fullscreen. The size of the deal is not yet known, but Re/code puts Fullscreen's valuation at somewhere between $200 million to $300 million.
Top YouTube multichannel network Fullscreen is officially being acquired by Otter Media, the joint venture between AT&T and the Chernin Group. The deal could be worth between $200 million and $300 million, Re/code reported, although the exact sale price wasn't revealed.
Dish Network Chairman Charlie Ergen has reached out to Deutsche Telekom to express interest in buying its majority stake in T-Mobile, according to Bloomberg, which cites sources with "knowledge of the matter."
So what was Amazon thinking when it swooped in and paid $970 million to acquire a streaming platform, Twitch, that lets viewers watch other people play videogames? Like the Zapruder Film or Stonehenge, that's a source of endless, perhaps neverending, speculation.
Amazon's $970 million acquisition of Twitch is one of the most talked-about business deals this summer. How Amazon swooped in and nabbed the live-streaming service after months of talks with Google faltered, and more importantly, why the retail giant bought Twitch, is generating plenty of comment. Much of it is outright confusion.
Amazon announced it bought Twitch for $970 million in an all-cash acquisition. It's a bit of a head-spinner, since the online video industry was waiting for the sure-thing, soon-to-come announcement from Google that it had acquired the wildly popular live-streaming site.
With the carriage impasse over Time Warner Cable's SportsNet LA taking center stage in Los Angeles political arena, Mayor Eric Garcetti has asked the FCC to extend the Sept. 8 public comment deadline for the merger of Comcast and TWC.