Communications Services M&A » By The Online Investor Staff, updated Mon., Mar. 8, 1:36 PM
Recent mergers and acquisitions in the Communications Services M&A category.
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Slide #83. Rogers Media — Score Media
Acquirer:
Rogers Media (NYSE:RCI)
Acquiree:
Score Media
Details:
Rogers Media today received final regulatory approval from the Canadian Radio-television and Telecommunications Commission (CRTC) to acquire Score Media Inc., which has been held in trust since October 19, 2012. With today's approval, Rogers Media will integrate the operations and financial results of Score Media effective immediately. The acquisition of Score Media includes The Score, Canada's third largest specialty sports channel with 6.6 million television subscribers, closed captioning service Voice to Visual Inc., and mixed martial arts program The Score Fighting Series. As part of the transaction, Rogers Media's parent company, Rogers Communications Inc., acquires an 11.8 per cent equity interest in theScore Inc. (Score Digital).
Rogers Communications is a holding company operating as a communications and media company. Co. has four segments: Wireless, which provides wireless telecommunications operations; Cable, which provides cable telecommunications, including internet, television, and telephony services; Business Solutions, which provides network connectivity through its fibre network and data centre assets to support voice, data, networking, hosting, and cloud-based services for businesses, governments, and other telecommunications providers; and Media, which consist of media properties, including television and radio broadcasting, shopping, publishing, sports media and entertainment, and digital media.
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Avg. Broker Rec.
 
|
Buy (3.12 out of 4) 37th percentile
(ranked lower than approx. 63% of all stocks covered)
Analysts' Target Price: RCI Stock Forecast Based on Zacks ABR data; powered by Xignite |
