Kuwait Projects Co (Kipco) has hired Goldman Sachs to advise it on the sale of Middle East pay TV operator OSN, according to a Reuters report, citing unnamed sources. Kipco owns a 60.5% majority stake in the pay TV outfit. It had previously hired Rothschild in 2013 to evaluate strategic options for the business, including […]
Millennial-focused digital news service, Cheddar, has raised US$22 million in funding, with Liberty Global and Antenna Group coming on board as new investors. The US-based ‘post-cable network’ said it would use the cash to strengthen its balance sheet and to move into “Europe and beyond”. “We own all of our IP and now is the […]
The cable industry is continuing to win the support of financial investors thanks to its ability to generate cash-flow, according to a panel of speakers at Cable Congress yesterday. Cable has outperformed telcos in European stock markets thanks to its growth story and ability to generate cash by investing in its business, according to Frank […]
Online music video service Vevo is reportedly looking to raise between US$300 million and US$500 million in capital from new investors. According to a Financial Times report, Vevo has hired hired Goldman Sachs and is looking to raise the cash to fund its international expansion, to develop new mobile and TV services and on potential […]
Online video platform specialist Kaltura has secured US$50 million (€45 million) in pre-IPO funding from Goldman Sachs’ Private Capital Investing group. Kaltura said it would use the capital to extend its footprint globally. Holger Staude, vice-president in Goldman Sachs’ Private Capital Investing group, will join Kaltura’s board of directors. Kaltura provides a range of video […]
Two banks have issued generally positive assessments of Sky ahead of its third-quarter results next week, with some caveats. Analysts expect Sky’s main focus in the UK to be on its new Sky Q high-end set-top and service and existing customers. Goldman Sachs predicts that the pay TV operator will add 30,000 UK net TV […]
Zegona Communications, the UK-based owner of Spanish regional cable operator Telecable, has named Goldman Sachs executive Menno Kremer as investment director. Kremer was previously executive director in telecoms, media and technology group at Goldman Sachs, working on a broad range of M&A deals for companies including Altice, Deutsche Telekom and Liberty Global. Eamonn O’ Hare, […]
The owners of music video hosting service Vevo are reportedly close to hiring Goldman Sachs to look at sale options for the company. According to Bloomberg, citing three unnamed sources, Vevo’s shareholders are exploring options including the sale of a majority stake in the company. Vevo is owned jointly by Vivendi’s Universal Music Group, Sony […]
Debt financing is characterised by rising yields and interest going up, but debt remains very attractive for cable right now, according to Clif Marriott, MD, Goldman Sachs International. Speaking on a finance panel at Cable Congress, Marriott also said that shares in cable operators are at an all time high despite the fact that growth […]
Telefónica is preparing to sell its US$3.6 billion (€2.7 billion) stake in its Czech division, according to Reuters and Bloomberg reports. Goldman Sachs and Societe Generale are assisting Telefonica find a buyer for its 69% holding in Telefonica Czech Republic, said Bloomberg citing three people familiar with the matter. Reuters reported that Czech investment group […]
