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that the cable operator was ponying up $110,000 to sponsor a dinner fete for FCC Commissioner Mignon Clyburn--later rescinded with the contribution directed elsewhere--then an electronic filing offered details of a meeting between Executive Vice President David Cohen with senior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.
Updated: Streaming video distribution provider Ooyala has been acquired by Australian telecom Telstra for an undisclosed amount. The company will operate as a wholly owned subsidiary, with its management and executive team remaining at its Silicon Valley headquarters.
The reported decision by Sprint to end its $32 billion quest to buy T-Mobile will provide a significant regulatory boost to Comcast in its $45 billion attempt to buy Time Warner Cable, and AT&T in its $49 billion effort to buy DirecTV.
Ramping down what might be the most consolidated bargaining threat the pay-TV industry has ever seen, 21 st Century Fox top executive Rupert Murdoch has pulled his company's $80 billion offer to buy Time Warner Inc.