Transactions

Kroenke Ups Offer For Outdoor Channel

Network Accepts Denver Group’s Sweetened Offer of $9.35 Per Share
By: Mike Farrell May 2 2013 - 7:12pm
Network Accepts Denver Group’s Sweetened Offer of $9.35 Per Share

It looks as if the proxy fight for Outdoor Channel is over soon after it started, with Kroenke Sports & Entertainment agreeing to increase its offer for the outdoor lifestyle network to $9.35 per share, besting a  $9.15 per share bid made by rival InterMedia Partners on April 30.

In a statement, Outdoor Channel said it has accepted the sweetened Kroenke bid and recommends that its shareholders vote in favor of the deal in a special meeting of stockholders slated for May 8 at 9 a.m. PST at Outdoor Channel headquarters in Temecula, Calif..

Liberty Media Completes Charter Investment

$2.6 Billion for 27.3% Stake in Cable Operator
By: Mike Farrell May 1 2013 - 4:30pm
$2.6 Billion for 27.3% Stake in Cable Operator

Charter Communications and Liberty Media said Wednesday that Liberty has completed its $2.6 billion investment in the cable operator.

Back in March, Liberty said it would purchase 26.9 million Charter shares and 1.1 million warrants from investment funds managed by, or affiliated with, Apollo Management, Oaktree Capital Management and Crestview Partners for $95.50 each. The deal gives Liberty beneficial ownership of 27.3% of Charter’s outstanding shares.

InterMedia: ‘Nobody in Better Position To Own Outdoor’

Stock Soars on New Bid as Investors Anticipate Bidding War
By: Mike Farrell Apr 30 2013 - 6:21pm
Stock Soars on New Bid as Investors Anticipate Bidding War

Outdoor Channel stock soared in after-hours trading Tuesday, up 8% (72 cents each) to $9.47 per share as of 6:07 p.m., a sign that investors believe InterMedia Partners has touched off a bidding war with Kroenke Sports & Entertainment for the hunting and fishing network.

InterMedia Makes Outdoor Counter Offer

$9.15 Per Share in Cash Would Seem to Trump Kroenke Offer
By: Mike Farrell Apr 30 2013 - 4:15pm
$9.15 Per Share in Cash Would Seem to Trump Kroenke Offer

Not to be outdone by the group that outdid its earlier bid for Outdoor Channel, InterMedia Partners, parent of the Sportsman Channel, has made a $9.15 per share cash offer for the hunting, fishing and outdoor life network.

News Corp. Sets June 11 Date For Split Vote

Media Giant Will Cleave Into Publishing, Media Units
By: Mike Farrell Apr 30 2013 - 1:08pm
Media Giant Will Cleave Into Publishing, Media Units

News Corp. has set a June 11 date for a special shareholder vote on the company’s planned split into two separate companies, one focusing on its publishing assets and the other on its television and film units.

Bow Tie Sews Up Clearview Deal

Family-Owned Chain Will Buy 41 Theaters From Cablevision
By: Mike Farrell Apr 29 2013 - 5:35pm
Family-Owned Chain Will Buy 41 Theaters From Cablevision

 

About two months after signing a deal to sell its Optimum West properties to Charter Communications, Cablevision Systems said it has reached a definitive agreement to slice off its Clearview Cinemas movie theater chain in a deal with Bow Tie Cinemas.

Terms of the deal were not disclosed.

Sprint Forms Special Committee to Eye Dish Proposal

Committee to See If Dish Offer Superior to SoftBank
By: Mike Farrell Apr 22 2013 - 4:01pm
Committee to See If Dish Offer Superior to SoftBank

Sprint said Monday that it has formed a special committee of independent directors to evaluate Dish Network’s unsolicited $25.5 billion offer to acquire the wireless giant.

Liberty Global Eyeing German Expansion?

Cable Giant Considering Move on Kabel Deutschland
By: Mike Farrell Apr 17 2013 - 1:27pm
Cable Giant Considering Move on Kabel Deutschland

John Malone’s Liberty Global is considering a move deeper into the German cable market, talking with officials at that country’s largest MSO, Kabel Deutschland, about a possible merger, according to published reports.

Ergen: Mobile Video Driving Sprint Proposal

Dish Chief Likens Deal to Closing Minutes of Seinfeld Episode
By: Mike Farrell Apr 15 2013 - 11:30am
Dish Chief Likens Deal to Closing Minutes of Seinfeld Episode

Dish Network chairman Charlie Ergen said the proliferation of mobile video is one of the biggest drivers of his pursuit of wireless giant Sprint Nextel, adding that his $25.5 billion bid is like the closing two minutes of a Seinfeld episode, when the earlier seemingly disparate 28 minutes finally come together.

It wasn’t the first time Ergen used the Seinfeld analogy – he used in it 2011 when his wireless plans were first taking shape.

Dish Makes $25.5B Offer For Sprint

Deal Would Trump Existing Agreement With SoftBank
By: Mike Farrell Apr 15 2013 - 7:13am
Deal Would Trump Existing Agreement With SoftBank

Charlie Ergen finally answered all the speculation surrounding his recent moves to acquire giant piles of cash on Monday, launching an unsolicited $25.5 billion bid for wireless giant Sprint Nextel.

In a statement issued early Monday morning, Dish said it would offer $7 per share in cash and stock for the third largest wireless player in the U.S., consisting of $4.76 in cash and stock (0.059 Dish shares per Sprint share) representing about 32% in the combined company.

Syndicate content