logo
Share SHARE
FONT-SIZE Plus   Neg

Ericsson Offers To Buy Technicolor's Broadcast Services Division - Quick Facts

Ericsson (ERIC) said it has submitted a binding offer to buy the Broadcast Services Division of Technicolor (TCLRY.PK,THNRF.PK). The purchase price is 19 million euros and a potential earn-out based on 2015 revenues of the Broadcast Services activity of up to 9 million euros.

The acquisition will bring approximately 900 highly skilled professionals and playout operations located in France, UK and the Netherlands serving several leading broadcasters. It will also allow Ericsson to substantially increase its current broadcast operations in terms of channels managed and households reached.

Moreover, the addition of Technicolor's Broadcast Services Division will allow Ericsson to become a leading provider in managed services for broadcasters.

Closing of the acquisition is expected around mid 2012. After this acquisition Ericsson will be the leading independent playout service provider in Europe.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Dealing a potentially fatal blow to a last-ditch effort by Republicans to repeal and replace Obamacare, Senator John McCain, R-Ariz., on Friday announced his opposition to a healthcare bill drafted by Senators Lindsey Graham, R-S.C., and Bill Cassidy, R-La. Reiterating his claim that Russian meddling in last year's election is a hoax, President Donald Trump has argued that the biggest influence on the election came from the media. Trump seemed to suggest in a post on Twitter on Friday that his victory in the presidential election came despite the media's... U.S. airlines collected a record $7.1 billion in revenue from fees for checked baggage and for changing or canceling reservations, reflecting a marked increase from 2010, according to a government report. The U.S. Government Accountability Office or GOA said in a report that U.S. airlines' revenue from these two fees increased to $7.1 billion in 2016 from $6.3 billion in 2010, in constant dollars.
comments powered by Disqus
Follow RTT