Posts Tagged ‘Buy

05
Jun
10

Sky buys Virgin Media TV channels for $231 million

NEWS
Sky buys Virgin Media TV channels for $231 million

Saturday, June 5, 2010

British Sky Broadcasting (BSkyB) has bought Virgin Media Television, the current owner of seven TV channels including Living and Bravo.

Sky, the owner of Sky News, is paying $231 million (£160 million) in cash under the deal, which also sees it acquire the channels Challenge, Challenge Jackpot and Virgin1, the latter of which will be rebranded.

The purchase expands Sky’s portfolio of basic pay TV channels and means it does not have to pay carriage fees to offer the Virgin Media Television (VMtv) channels to its customers.

Meanwhile, Virgin Media will be given the option of carrying any of Sky’s basic HD channels, Sky Sports HD 1 and Sky Sports HD 2, and all Sky Movies HD channels for an incremental wholesale fee.

It will also make Sky’s basic and premium channels available to subscribers through its on-demand TV service.

VMtv said its seven channels – which span pay and free-to-air television – reach more than 24 million adult viewers every month.
Living is the third most popular pay TV channel in the U.K., and is the self-styled home of ‘guilty pleasures and trashy glamour’.

It offers a variety of popular programmes including Four Weddings and America’s Next Top Model in its schedules.

Virgin Media said the sale of VMtv would allow it to focus on providing subscribers with ‘super-fast’ cable TV and broadband provision.

Meanwhile BSkyB chief executive Jeremy Darroch described the acquisition as ‘an attractive investment opportunity’ that offered strategic and financial benefits.

‘We are pleased that, through commercial negotiation, we have been able to ensure wide distribution of our channels to a growing pay TV universe,’ he said.

Virgin launched Virgin1 in October 2007 although channels such as Living and Bravo came from the former ntl/Telewest business.

This in turn merged with Virgin Mobile in 2007 and was then rebranded as Virgin Media.
• Latest News & Headlines » Home «
• Source(s): British Sky Broadcasting / News Corporation
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27
Apr
10

Google Acquires LabPixies

NEWS
Google Acquires LabPixies
Google Acquires LabPixies For $25 Million

Tuesday, April 27, 2010

Google has bought an Israeli company that develops mini-programs for the web known as widgets in the latest in a string of acquisitions.

The Mountain View, California-based Google announced the purchase of LabPixies in a blog post. Terms of the transaction were not disclosed.

LabPixies already makes widgets for iGoogle, Google’s personalised homepage service.

‘We decided that we could do more if we were part of the same team, and as such, we’re thrilled to announce the acquisition of Labpixies,’ Don Loeb, a member of the iGoogle team said.

‘The team will be based in our ever-growing Tel Aviv office and will anchor our iGoogle efforts across Europe, the Middle East, and Africa,’ Loeb said.

‘We are looking forward to working with Labpixies to develop great web apps and leverage their knowledge and expertise to help developers and improve the ecosystem overall,’ he said.

Besides iGoogle, LabPixies has also developed widgets for Google’s Android mobile phone operating system and the iPhone.

Widgets developed by LabPixies include calendars, news feeds, to-do lists and games.

Google has been on a buying spree for the past few months, snapping up a number of small startups including DocVerse, Picnik, Aardvark and Plink.

Chief executive Eric Schmidt said in a conference call with analysts in January that Google planned to acquire about one company a month this year.

● Ran Ben – Yair, CEO LabPixies, said, “We deal with Google to see a golden opportunity for our team to fit in workspace sharing with us the same desire – to millions of users the ultimate online experience.'”

● Prof. Yossi Matias, director of Google R & D Center in Israel, said, “We believe that the combination of LabPixies center staff will allow us to continue strengthening the web platform, and make it attractive than ever for developers and users around the world.” He added that “Google believes in innovation and creativity Israel, and will continue to pursue collaboration with – for start-ups in the future local.”
• Source(s): Google Inc. & LabPixies

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