Endemol, the television production company behind Big Brother and Deal or No Deal, has placed a bet on the growth of social casino gaming with the acquisition of a $13m stake in London-based startup Plumbee.
The deal, which values Plumbee at $40m, brings together the world’s largest independent TV production company with a two-year-old startup whose flagship title Mirrorball Slots is among the top ten highest grossing social casino games on Facebook. Read more
Deutsche Telekom investors like the idea of selling its US mobile business much more than shareholders in the putative buyer, with shares in Japan’s Softbank down almost as much as those of the German telecoms group are up this morning.
As Telecoms correspondent Dan Thomas writes, weekend reports revived the prospect of a bid for T-Mobile USA by Sprint, which is 80 per cent owned by Softbank, although without coming to any conclusions about whether it would happen this time. Read more