LONDON: Virgin Media O2 (VMO2) announced Monday that it will merge its business-to-business operations with Daisy Group to form a major new player in the United Kingdom’s business communications and IT sector. The newly established entity will generate annual pro forma revenues of approximately £1.4 billion. VMO2 will hold a 70% stake in the business, with Daisy…
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Seven West Media acquires Southern Cross Media Group television assets
SYDNEY: Seven West Media announced Tuesday it has reached a binding agreement to acquire television licenses and associated assets from Southern Cross Media Group, expanding its national broadcast network. The deal, valued at $3.75 million in cash, includes licenses in Tasmania, Darwin, Spencer Gulf, Broken Hill, Mt Isa, and Remote, Central and Eastern Australia. These…
Digitalbox acquires The Life Network from Media Chain Group
LONDON: Digitalbox plc (AIM: DBOX), the mobile-first digital media business has exchanged contracts to acquire the digital assets of The Life Network from Media Chain Group Limited for a total consideration of £200,000. The acquisition is subject to completion of satisfactory testing by Digitalbox, as set out below, and is expected to be earnings enhancing on completion….
Infomedia to acquire 50% of European AI startup Intellegam GmbH for €6.1 million
SYDNEY: Infomedia Ltd (ASX: IFM) has announced a binding agreement to acquire 50% of the European AI startup Intellegam GmbH for €6.1 million. The deal aims to accelerate innovation and unlock product-led growth across Infomedia’s global data ecosystem. The partnership will combine Infomedia’s automotive expertise and global OEM relationships with Intellegam’s generative AI technology, enhancing…
One Media signs deal to dispose of its entire interest in the capital of TCAT Limited
LONDON: One Media IP Group has entered into a sale and purchase agreement (SPA) with Round Group Limited to dispose of its entire interest in the capital of TCAT Limited. The SPA is not subject to any conditions and signing and completion occurred late on 26 November 2024. The consideration for the disposal comprises ordinary…
Digitalbox has acquired Entertainment Group of GRV Media
LONDON: Digitalbox plc (AIM: DBOX) has agreed to acquire certain online assets, including all associated intellectual property, of the Entertainment Group of GRV Media Ltd. A three-month transitional services agreement with GRV comes into effect from today to support the integration process. Digitalbox is the mobile-first digital media business, which owns leading websites Entertainment Daily,…
Zinc Media Group has acquired Raw Cut Ventures Ltd for £1.0 million
LONDON: Zinc Media Group plc (AIM: ZIN) has announced the acquisition of Raw Cut Ventures Ltd, which owns Raw Cut Television, Raw Cut Distribution, and Tomas TV a leading independent television production and distribution company for an initial net consideration of £1.0m to be satisfied by the issue of 1,541,622 Zinc new ordinary shares. Application…
Zinc Media to sell Zinc Communicate Publishing
LONDON: Zinc Media Group has entered into an agreement to sell its remaining legacy tele-sales contract publishing business, currently trading as Zinc Communicate Publishing for a cash consideration of £100,000. Zinc Communicate Publishing is a non-core business unit based in Macclesfield and the sale enables the Group to focus on growing its core operations within…
XLMedia to sell its North America Business to Sportradar AG for upto $30 million
LONDON: XLMedia (AIM: XLM), a sports digital media company, has announced a conditional asset purchase agreement (APA) to sell certain assets of its North America Business to Sportradar AG. The deal, valued at up to $30 million, includes $20 million payable upon completion and an additional $10 million contingent on performance by April 2025. Marcus…
Vinyl Group acquires Mediaweek for $1 million
Melbourne, Australia: Vinyl Group (ASX: VNL), Australia’s only ASX-listed music company, has executed a binding Heads of Agreement to acquire Mediaweek from Chattr Pty Ltd. Mediaweek is a leading media trade publication in Australia in both readership and industry respect. The company was founded in 1990 and has a monthly average readership of 300,000 unique…
Dubai Media announces partnership with NEP Group
DUBAI, UAE: Dubai Media has signed a memorandum of understanding with NEP Group, the leading media services provider supporting premier broadcasters and content creators worldwide, to enhance cooperation and exchange expertise in various media services fields. This is part of the efforts made by Dubai Media to support its logistical and technical capabilities and to…
Vodafone UK and Virgin Media O2 sign network sharing agreement
Vodafone UK and Virgin Media O2 have agreed to extend and enhance their existing mobile network sharing agreement for more than a decade