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RUSSIA: Independent Media Russia goes luxurious
As well as solidifying its Bulgarian position, Finnish media company SanomaWSOY is moving further into the Russian market....
RUSSIA: Nafta Moskva sold for US$1bn
Local media company National Mediagroup has acquired a 51% stake in Russian cable operator Nafta Moskva for a reported US$1bn. Local companies Severstal and Surgutneftgaz will also take a 12% stake each, with the remainder held by three unnamed banks...
RUSSIA: CTC mandates banks for debt facility
Independent TV company CTC Media has mandated ABN AMRO, BNP Paribas, ING and RZB to arrange a debt acquisition facility. The Moscow based broadcaster recently acquired DTV Group for US$395m. This acquisition will be paid for half with existing cash a...
AUSTRALIA: Stokes rejected but remains "cashed up", rumours of concession
In a boardroom showdown at Western Australian Newspapers (WAN) in late April, shareholders rebuffed the highly publicised bid by Seven Network chairman Kerry Stokes for a board position....
CHINA: Softbank makes Chinese foray
Japanese company Softbank Corp has announced plans to acquire 40% of Oak Pacific Interactive (OPI), an internet company based in mainland China, for Y40bn (US$385m)....
CHINA: Double strike as WPP expands footprint
London based marketing giant WPP has snapped up two key Chinese stakes. It has bought a controlling stake in digital advertising agency Evision, and a minority stake in HDT Holdings Technologies....
CHINA: Pyramid to invest US$100m in Chinese JV
Pyramid Saimira Theatre Ltd has announced that it will pump US$100m into its joint venture company Jiangsu Pyramid Longzhe Group (JPLG)....
CHINA: China Star share cancellation
China Star Entertainment has cancelled a planned share issue consisting of 5 billion shares. The company had planned to raise HK$1.05bn (US$135m), but mandated bank Kingston Securities failed to complete the transaction by the April 24 deadline....
INDIA: Zoom sells stake to Merrill Lynch
Zoom Entertainment Television, the entertainment and lifestyle channel from Bennett, Coleman & Co. Ltd (Times of India Group) is planning to sell a 25% stake to a PE fund owned by Merrill Lynch....
INDIA: New financial daily to launch
Last month MediaFinance reported that Indian media conglomerate Network 18 is planning to open cinema chains. We can now reveal that the company plans to launch a new financial daily newspaper in conjunction with the Financial Times....
INDIA: ACK Media acquires stake
ACK Media has acquired a controlling 51% stake in Chennai-based Karadi Tales for an undisclosed amount....
INDIA: mjunction to buy out IPFonline
mjunction services, an e-auction joint venture between Tata Steel and SAIL, is in discussions to acquire IPFonline for around US$20m....
INDIA: Dish TV plot funding expedition
Dish TV India will raise up to US$296m through a rights issue of shares to fund its expansion plans....
INDIA: Zee Next to raise cash
It is rumoured that Zee Group chairman Subhash Chandra is planning to pump US$74m into struggling entertainment channel See Next....
SINGAPORE: i-POP on the road for funds, IPO in the offing
Mobile media services company i-POP is currently seeking new funds to accelerate growth across South Asian and Middle Eastern markets....
VIETNAM: JV in Nam
Singaporean media conglomerate Mediacorp is rumoured to have entered into a joint venture deal with a free-to-air company in Vietnam. No further details were made available....
INDIA: Warburg picks up advertising stake
Global private equity fund Warburg Pincus is poised to pick up a 15% to 20% stake in India's largest outdoor advertising firm Laqshya Media for US$75m....
INDIA: UTVi in content tie-up
The soon to be launched English language business channel UTVi has announced a content deal with financial daily Business Standard. UTVi will air BS Wire, BS Alerts and BS Breaking News along with the business bytes throughout the day, based on the m...
INDIA: Star mulls print entrance
STAR India is thought to be exploring the possibility of making an entry into print media in India....
AMERICAS: Ripplewood rumoured to be in frame for Direct Group
The North American division of Direct Group, German media colossus Bertelsmann's DVD, music and book club unit, has reportedly attracted interest from private equity firm Ripplewood Holdings....