trending Market Intelligence /marketintelligence/en/news-insights/trending/fFeTzF-mnjmZpBFOROr6Kw2 content esgSubNav
In This List

FCC OKs approval of T-Mobile/Sprint merger; Nexon to up stake in Embark Studios


Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends


SVOD players open to hybrid models; Netflix and Disney to add ad-supported plans


Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?


Broadband revenues continue to grow in CEE

FCC OKs approval of T-Mobile/Sprint merger; Nexon to up stake in Embark Studios

S&P Global Market Intelligence provides a wrap-up of Asia-Pacific media and communications deal announcements, completions and updates from Aug. 5 to Aug 16.


* U.S. Federal Communications Commission Chairman Ajit Pai on Aug. 14 formally recommended the approval of the proposed merger between T-Mobile US Inc. and SoftBank Group Corp.'s Sprint Corp. The chairman circulated a draft order for the FCC to sign off on the deal should the order be approved by the full commission.

* Nexon Co. Ltd. said it is increasing its stake in Swedish game developer Embark Studios AB, starting with raising its current stake to 72.8% from 66.1%, BusinessKorea reported. The company, which trades publicly on the Tokyo Stock Exchange, also announced that it will have the option to fully purchase the remaining shares of the Swedish company through Nexon stock over a five-year period.

* French media conglomerate Vivendi SA has begun talks with Tencent Holdings Ltd.. for the sale of a 10% stake in Universal Music Group Inc. A deal would give Universal Music a preliminary equity valuation of €30 billion for 100% of the music company. Under the preliminary talks, Tencent will also be given a one-year call option to acquire an additional 10% for the same price once the transaction pushes through.


* Huawei Technologies Co. Ltd. has acquired Russian Java developer Excelsior for an undisclosed sum, Telecompaper reported, citing Excelsior has its office at the Chinese company's research center in Novosibirsk, Russia.

* India ride-hailing service OLA announced the acquisition of an artificial intelligence startup called, Hindustan Times reported, citing IANS. The team will join OLA under the agreement. uses autonomous technologies such as artificial intelligence, computer vision and sensor fusion to provide AI-powered solutions for businesses.

* NTT Docomo Ventures Inc. has acquired shares in W.S.C Sports Technologies Ltd. via a third-party allotment. W.S.C. Sports is an Israel-based startup that provides a platform capable of automatically creating sports video highlights in real time by using artificial intelligence and machine learning technologies.

* PT Go-Jek Indonesia is set to acquire Moka, a local mobile point-of-sale startup, for over US$100 million, according to DealStreetAsia.


* Australia-based Nine Entertainment Co. announced an all-cash offer to fully acquire radio broadcaster Macquarie Media Ltd. Nine Entertainment, which holds a 54.44% stake in Macquarie Media, is making the takeover offer through its wholly owned subsidiary Fairfax Media Ltd. The offer price of A$1.46 per share values Macquarie Media at A$275.4 million, including the payment of its August dividend and net debt of A$22 million.

* QMS Media Ltd. subsidiary QMS Sport Holdings Ltd. agreed to acquire TLA Worldwide PLC and Stride Sports Management Holdings Pty. Ltd. Under the deal, QMS Sport will pay A$32.7 million to acquire 100% of both TLA and Stride, which offer talent management, merchandising and sports marketing. QMS said it plans to integrate the complementary services into the existing QMS global sports platform.


* SoftBank has held initial talks with Bharti Airtel Ltd. in a bid to buy a stake in the Indian telco, Business Standard reported. The Japanese conglomerate is looking to acquire either a direct or indirect holding in Bharti Airtel's telecom business and related assets. However, Bharti Airtel has denied any such "proposal for sale of stake in Bharti Airtel, either directly or indirectly," according to The Economic Times (India).

* StarHub Ltd. agreed to sell its cybersecurity unit D'Crypt Pte. Ltd. to Temasek Holdings (Pte.) Ltd. Under the deal, StarHub and its founding shareholders will sell their 100% stake in D'Crypt to Temasek for an initial aggregate cash consideration of S$100 million, with additional earn-out consideration of up to S$33.6 million payable to the founding shareholders, subject to the achievement of agreed business and performance milestones. The acquisition is expected to be completed by November.

* Indian cable and broadband company GTPL Hathway Ltd. has acquired cable TV service provider SCOD18 Networking Pvt. Ltd. to enhance its footprint in Maharashtra. Following the acquisition, SCOD18 has become a wholly owned subsidiary of the company.

Links are current as of publication time, and we are not responsible if those links are unavailable later.