Transactions

Seaport Completes MCV Broadband Sale

NTT Docomo Buys Guam Operator for $130M
By: Mike Farrell May 23 2013 - 11:43am
NTT Docomo Buys Guam Operator for $130M

Seaport Capital said it has completed the sale of MCV Broadband, the largest video, voice and high-speed data service provider in Guam, to Japanese wireless giant NTT Docomo for $130 million.

Ergen Makes Bid for LightSquared Spectrum

$2 Billion Bid Has May 31 Cutoff Date
By: Mike Farrell May 22 2013 - 2:32pm
$2 Billion Bid Has May 31 Cutoff Date

Charlie Ergen is apparently still trying to beef up his wireless spectrum hoard, with reports that the Dish Network chairman and CEO has offered up to $2 billion for wireless frequencies owned by bankrupt broadband provider LightSquared.

According to a Bloomberg News report citing people familiar with the matter, Ergen has given the bankrupt service provider owned by hedge-fund manager Philip Falcone until May 31 to accept the offer.

Sprint Raises Clearwire Offer

Wireless Giant Increases Bid to $3.40 Per Share
By: Mike Farrell May 21 2013 - 11:42am
Wireless Giant Increases Bid to $3.40 Per Share

Sprint Nextel raised its offer for the 50% of Clearwire it doesn’t already own to $3.40 per share Tuesday, prompting the Wi-Max pioneer to postpone a scheduled shareholders meeting to review the new proposal.

The new Sprint price is 10 cents above a competing offer from Dish Network that was made in January.   Dish, which is also pursuing an acquisition of Sprint Nextel for $25.5 billion, has largely been thought to have abandoned the chase for Clearwire.

Dish, Sprint Begin Due Diligence

Wireless Carrier Gets Waiver From Softbank
By: Mike Farrell May 21 2013 - 12:26am
Wireless Carrier Gets Waiver From Softbank

Dish Network’s month-long attempt to acquire Sprint Nextel moved a step forward Monday after the wireless giant said it had received a waiver of various provisions in its merger agreement with Softbank that would allow it to conduct due diligence discussions with the satellite TV service provider.

Kroenke Sports Completes Outdoor Buy

Shareholders Approve Deal
By: Mike Farrell May 17 2013 - 10:04am
Shareholders Approve Deal

As expected, Kroenke Sports & Entertainment completed its previously announced acquisition of Outdoor Channel Holdings, Inc., for $10.25 per share in cash, pursuant to which Outdoor Channel has become a wholly-owned subsidiary of KSE.

Outdoor Sets May 16 Date For Shareholders Meeting

Will Vote on Kroenke Sports & Entertainment Offer
By: Mike Farrell May 13 2013 - 5:38pm
Will Vote on Kroenke Sports & Entertainment Offer

 

Outdoor Channel said Monday that it will hold a special meeting of shareholders at its headquarters in Temecula, Calif., at 2:30 PST on May 16 to vote on Kroenke Sports & Entertainment’s $10.25 per share all cash offer to purchase its outstanding stock.

InterMedia: Outdoor Bidding is Done

Sportsman Parent Says Will Focus on Growing Existing Network
By: Mike Farrell May 9 2013 - 12:35pm
Sportsman Parent Says Will Focus on Growing Existing Network

In the end, the man with the biggest checkbook appears to have prevailed in the ongoing bidding war for Outdoor Channel.

In an interview Thursday, InterMedia Partners managing partner Peter Kern said the Sportsman Channel parent will not stand in the way of billionaire Stan Kroenke’s Kroenke Sports & Entertainment’s latest offer for Outdoor – a $10.25 per share all cash bid that was launched Wednesday evening.

Kroenke Sports Again Ups Outdoor Ante

$10.25 Per Share Offer Latest in Volley With InterMedia Partners
By: Mike Farrell May 8 2013 - 8:58pm
$10.25 Per Share Offer Latest in Volley With InterMedia Partners

In the seemingly endless volley between suitors for The Outdoor Channel, Kroenke Sports  & Entertainment appears to have the latest advantage, lobbing in a bid for $10.25 per share and besting an earlier $9.75 per share offer by InterMedia Partners.

Outdoor Says InterMedia Proposal 'Superior'

Gives Kroenke Sports Four Days to Submit Better Offer
By: Mke Farrell May 6 2013 - 6:10pm
Gives Kroenke Sports Four Days to Submit Better Offer

Outdoor Channel said late Monday that its board of directors has deemed InterMedia Partners $9.75 per share offer for the company "Superior" and has given Kroenke Sports & Entertainment until May 9 to come up with a better deal.

Outdoor Shares Surge On Latest Offer

Stock Up 6%, Investors Gear For Bidding War
By: Mike Farrell May 3 2013 - 1:35pm
Stock Up 6%, Investors Gear For Bidding War

InterMedia Partners continued the bidding war for Outdoor Channel Friday, raising the ante once again for the outdoor life network, goosing the stock and giving investors hope that the back-and-forth of the past few days will continue to drive up shares.

InterMedia’s $9.75 per share bid trumps the $9.35 per share offer by rival Kroenke Sports & Entertainment, which in turn was a response to InterMedia’s $9.15 per share all-cash offer, made on April 30.

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