Breaking News
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade ERIC now with 

Ericsson (ERIC: Quote) 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.

Click here to receive FREE breaking news email alerts for Ericsson and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The terrorists, in this case, have won. In an unprecedented move that may have far-reaching cultural and political effects, Sony Pictures has scrapped the release of "The Interview." The plot of the film, a comedy starring Seth Rogen and James Franco, revolves around a fictional assassination... Here is a list of interesting stocks to watch on December 18. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed below and many more have been researched already, and... Oracle Corp. said Wednesday after the markets closed that its second quarter profit fell 2% from last year, hurt mainly by higher income tax expenses even as revenue increased 3%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.