UK > US based Comcast is set to acquire UK based Sky plc. for $39 billion following a bidding war  

Comcast logo After a bidding war over Sky plc, Comcast has successfully outbid 21st Century Fox to acquire the UK media giant for $39 billion which was clinched after an unusual blind auction through UK’s Takeover Panel that helps moderate these large scale acquisitions. Both Comcast and 21st Century Fox had to go through the Panel after neither side made a final More …

USA > India based Millitoons Entertainment has acquired 100% stake in US based Kirksville Hospitality Inc. which runs a franchise of Holiday Inn for $4.83 million

holiday inn Millitoons Entertainment has announced that it has owned 100% stake in Kirksville Hospitality Inc. which runs a hotel under Holiday Inn franchise for $4.83 million. Millitoons Entertainment has a subsidiary based in the US named Mient Hospitality LLC which was used for this transaction. Kirksville Hospitality has had gross revenue of $1.96 million in the last fiscal year. About Millitoons More …

ENGLAND > AMC Theatres to Acquire Europe’s ODEON & UCI Cinemas in a $1.2B Deal

amc_theatres_logo-svg Kansas-USA based Cinema giant AMC Theatres (AMC Entertainment Holdings, Inc.) acquires London based ODEON & UCI Cinemas Group, from private equity firm Terra Firma in a transaction valued around $1.2 billion. The deal is 75 percent in cash and 25 percent in stock. In 2004 merger between ODEON and UCI Cinemas made them one the largest theater chain in Europe. With More …

ENGLAND > Turner Broadcasting to set up HQ in London

turner_broadcasting_system_2015-svg Atlanta(USA) based Turner Broadcasting is planning to open “Digital Ventures and Innovation” unit headquarter in London by January 1,2017. Through this, Turner Broadcasting’s looks to expand the existing portfolio of international products and services on the web, for smart phones, games, apps or over-the-top (OTT) services. The company also aims to identify new opportunities and explore engagement in those new More …

CHINA > AJ Hackett to Operate Bungy Jump at the Glass Bridge of China

ajhackett New Zealand based AJ Hackett International is planning to open the world’s highest bungy jump in China, underneath the Zhangjiajie Grand Canyon Glass Bridge. AJ Hackett International is the official bungy jump operator at the glass bridge. According to the company, the structure, in Hunan province, is the world’s highest and longest glass-bottomed bridge and that the bungy platform will More …