Industry News

Zayo is set to become a private company, announcing Wednesday that investment firms Digital Colony and EQT Infrastructure agreed to acquire the communications infrastructure provider in a deal valued at $14.3 billion. The deal, which includes the assumption of $5.9 billion of Zayo’s debt, is expected to close in the first half of 2020. Regulators […]

Sinclair Broadcast Group on Friday announced it struck a deal with Walt Disney to acquire 21 Fox regional sports networks (RSNs) for $9.6 billion. The RSNs are valued at $10.6 billion, when including minority equity interests. Disney agreed to divest the networks in order to get the greenlight from regulators for its $71 billion acquisition […]

Comcast Business has acquired managed WiFi provider Deep Blue Communications, bolstering the cable operator’s reach in the commercial WiFi arena with managed services. Terms of the deal were not disclosed. Latham, N.Y.-based Deep Blue provides managed WiFi services for commercial clients, including major hotel brands such as Hilton, Marriot, Wyndham Worldwide Hotel Group, Hyatt, and […]

AT&T has sold its minority stake in Hulu for $1.43 billion, with Comcast and Disney left as the remaining owners of the streaming service.   The price tag for AT&T’s 9.5 percent share values Hulu at $15 billion. Disney holds a 60 percent share after closing its $71 billion acquisition of 21st Century Fox entertainment […]

AT&T’s WarnerMedia has reportedly reached an agreement to sell its stake in the West Manhattan Hudson Yards office tower to project developer Related, for more than $2 billion, according to Bloomberg. As part of the deal, Related would then lease back 1.5 million square feet of space in 30 Hudson Yards to AT&T for WarnerMedia […]

Cable One is purchasing Missouri-based cable operator Fidelity Communications for $525.9 million in an all cash deal. Headquartered in Sullivan, Mo., Fidelity serves residential and business customers across greater Arkansas, Illinois, Louisiana, Missouri, Oklahoma, and Texas. The family-owned cable operator provides data, video, and voice services with about 114,000 residential PSUs and 20,000 business PSUs. […]

Disney has closed its $71 billion acquisition of Fox’s entertainment business, putting “Cinderella,” ”The Simpsons,” ”Star Wars” and “Dr. Strange” under one corporate roof. The deal is likely to shake up the media landscape. Among other things, it paves the way for Disney to launch its streaming service, Disney Plus, due out later this year. […]

Chipmaker Nvidia will acquire network and data transmission company Mellanox for $6.9 billion in an all-cash deal. The acquisition, which equates to $125 per share, has been approved by both companies’ boards and is expected to close by the end of 2019 pending regulatory approval. The companies are frequent collaborators and said Monday that the […]