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
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
comments powered by Disqus
RELATED NEWS
Trade ERIC now with 
Follow RTT