15 result(s) displayed (1 - 15 of 15):
The Walt Disney Co. (NYSE:DIS), NBC-Universal and Hearst Corp. are reportedly discussing a plan to combine their jointly owned cable holdings in a single venture. According to Broadcasting & Cable, the media companies are considering spinning off their stakes in A&E Television Networks -- which includes A&E, the History Channel,...
Posted on June 5, 2009 2:02 PM
Last July, when the NBC-Universal unit of General Electric Co. (NYSE:GE) teamed up with Blackstone Group LP and Bain Capital LLC, we wondered about GE's reasons for bringing in the private equity partners.Not having devoted much attention to the topic since then, we're still wondering. But as of Wednesday, we're...
Posted on May 6, 2009 1:38 PM
The strategic alliances in the media industry just keep coming. The latest is between Google Inc.'s (NASDAQ:GOOG) YouTube and Universal Music Group, which will launch a music video site called VEVO. The companies are building on an existing alliance in which YouTube users can create videos using UMG recordings.The announcement...
Posted on April 13, 2009 10:01 AM
Redwood City, Calif.-based video game developer and publisher Electronic Arts Inc. (NASDAQ:ERTS) lost $454 million last year. Its stock price has been depressed since November (it lost 60% between August and November). And in September, EA abandoned its bid to acquire rival Take-Two Interactive Inc. (NASDAQ:TTWO) -- maker of...
Posted on March 26, 2009 12:05 PM
The data shows that the disclosed value of completed M&A transactions for the U.S. entertainment and media sector in 2008 was the highest it's been since 2001. But once you exclude four megadeals from 2006 that took two years to complete, the numbers shrink considerably, reflecting the state of our...
Posted on February 27, 2009 3:43 PM
Thursday's news of AT&T Inc.'s planned 12,000 job cuts, costing it $600 million, is a more of a shock than a surprise given the global financial crisis. The U.S. telecom giant cited economic pressures and a changing business mix as reasons for the 4% work force reduction. That's consistent with...
Posted on December 4, 2008 4:02 PM
NBC Universal International president Pete Smith delivered a decidedly upbeat speech in London Monday about the prospects for media company M&A. According THR.com, Smith told participants at the PricewaterhouseCoopers European Media Leaders summit that there are well-priced targets out there that can be acquired through asset swaps rather than cash. ...
Posted on November 18, 2008 9:46 AM
There's all kinds of excitement in Beijing this month. We're seeing records that won't be equaled for a long time--in swimming, in track and field, and maybe in corporate synergy as well. An obvious winner is General Electric Co.'s NBC Universal unit, which paid $894 million for U.S. television rights...
Posted on August 18, 2008 12:53 PM
It has to be tough doing big deals when you have a high-profile comedian working for you. Such is the case with NBC Universal Inc.'s recent $3.5 billion acquisition of Atlanta's Weather Channel, which Jay Leno called an effort to "create the dullest business partnership in history." Atlanta Business...
Posted on July 9, 2008 6:05 PM
According to the New York Post, NBC Universal chief executive Jeff Zucker has made it clear that he's looking to do deals and remake NBC's overall approach. Meanwhile, the Deal's Richard Morgan notes that post-Olympics spinoff rumors of NBC U itself have been around forever. In an article last year,...
Posted on July 9, 2008 4:54 PM
We're still wondering. The deal, which calls for NBC Universal to team up with Blackstone Group LP and Bain Capital LLC to buy the Weather Channel properties from Landmark Communications, was announced July 6. The announcement gives the strategic logic for NBCU, but nothing on the reason for the partnership....
Posted on July 7, 2008 12:32 PM
No doubt about it: Corporate development is different from investment banking -- notwithstanding the fact that many corporate development job postings list i-banking experience as a desirable qualification. Folks who make the switch don't do it for the money. They do sometimes do it for quality-of-life reasons, or for the...
Posted on June 24, 2008 2:06 PM
Just days after announcing a surprising earning miss, which sent the stock tumbling and reignited NBC Universal sale talk, General Electric Co. said it plans to invest up to $2 billion in acquisitions and other deals in China over the next three years as part of a strategy to double...
Posted on April 16, 2008 2:19 PM
A third of a century after founding Microsoft Corp., Bill Gates will cease his day-to-day work at the firm, remaining as chairman. Gates' final speech at the Consumer Electronics Show was laden with talk of new products, growth strategy and, inevitably, deals. Gates announced partnerships with Walt Disney Co., NBC Universal...
Posted on January 7, 2008 5:28 PM
The Players: News Corp. and General Electric Co.'s NBC Universal Inc. Both have major holdings in film, television and cable networks. The Plan: News Corp. and NBC Universal are creating a joint venture for online distribution of entertainment content, including full-length television programs and clips, and feature-length films. Set...
Posted on August 15, 2007 4:42 PM
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Juergen Lasowski
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