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Comcast to buy DreamWorks for over USD 3 billion - report
2016-04-27 08:27:00| Telecompaper Headlines
(Telecompaper) Comcast is in talks to buy DreamWorks Animation SKG for more than USD 3 billion, people familiar with the matter told the Wall Street Journal. The takeover will help its unit Uhiversal Pictures expand further in the lucrative animation and family entertainment market. DreamWorks is the maker of "Shrek," "Kung Fu Panda," and "Madagascar" movies, among others. Comcast would pay a substantial premium over DreamWorks' current USD 2.3 billion market value. DreamWorks has been seeking a buyer for several years. In 2014, it held talks with SoftBank and toy maker Hasbro. More recently it has held discussions with potential buyers in China, said people close to the company.
4K STB market to be worth $3.65 billion by 2024
2016-04-25 13:00:21| Digital TV News
The global 4K Set Top Box (STB) market size is expected to reach USD 3.65 billion by 2024, according to Grand View Research. IPTV UHD STBs are anticipated to witness significant growth over the next eight years.
Revenue for Grid Asset Management, Condition Monitoring Devices to Reach $6.5 Billion in 2025
2016-04-19 16:52:00| Transmission & Distribution World
A new report from Navigant Research explores the global market for asset management and condition monitoring solutions read more
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Brookfield Raises $9 Billion For Latest Real Estate Fund
2016-04-18 16:25:00| National Real Estate Investor
Scott Deveau Brookfield Asset Management Inc. raised $9 billion for its latest real estate fund, more than double the size of its its previous property fund. read more
Telstra sells stake in China's Autohome for USD 1.6 billion
2016-04-18 11:06:00| Telecompaper Headlines
(Telecompaper) Telstra has agreed to sell a 47.7 percent stake in Chinese online business Autohome to Ping An Insurance Group for USD 1.6 billion. Telstra will retain a 6.5 per cent interest in Autohome after completing the transaction. The sale price of USD 29.55 per share reflects a premium of 12.7 percent to Autohome's volume weighted average price over the past 60 days. Ping An is expected to support Autohome's expansion into the offline car retail market in China, offering its expertise in financing and insurance. Telstra said it expects to book an accounting gain of AUD 1.8 billion in the second half of fiscal 2016. Completion of the sale is subject to Chinese regulatory approvals and Autohome Board approval. Telstra said it will take a "balanced approach in considering the use of these funds, which includes potential capital management options".
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