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.
Stumping for regulatory approval of his company's proposed $45 billion purchase of Time Warner Cable, Comcast executive VP David L. Cohen reached for a rather interesting simile: federal regulators' decision in 2005 to stop Blockbuster from acquiring Hollywood Video.
Dutch operator KPN is furthering its push to improve its financial performance by the end of 2014 with the acquisition of hosting company Argeweb.
It was a busy week for Comcast and the FCC. First it was revealed that the cable operator was ponying up $110,000 to sponsor a dinner fete for FCC Commissioner Mignon Clyburn--later rescinded with the contribution directed elsewhere--then an electronic filing offered details of a meeting between Executive Vice President David Cohen with senior commission officials.
Broadcast and media player Grupo Televisa created some new waves in the Mexican telecommunications market by acquiring cable TV operator Cablecom at the same time the government is trying to encourage more outside investment.