US investment house Criterion Capital Partners, the firm that bought Bebo from AOL exactly a year ago, is now looking to snap up another distressed media asset in Arqiva’s SeeSaw.

The buy will save SeeSaw, the failed reinvention of the failed BBC/ITV/C4 Kangaroo project, from closure. No other buyers were found following a strategic review by Ingenious Media. Criterion bought Bebo for about $10 million, AOL had acquired Bebo just two years previously for $850 million.

Arquiva paid £8 million (€9m) for the assets of the Kangaroo venture. Re-launched in February 2010, SeeSaw offered 3,000 hours of free programmes but got no traction in the face of broadcaster run services.

Other posts by :

1. 36 major airlines now committed to Starlink
2. Quilty: Top 5 Washington Satellite show takeaways
3. Space Wars: Starlink vs Amazon Leo
4. Eutelsat seeks ISRO deal for launches
5. Virgin Galactic sets prices for space tourists
6. Devas vs Antrix rumbles on
7. Shotwell makes TIME front cover
8. Suitors eye Globalstar
9. SpaceX: IPO offer in days?

Categories: Articles, Business, M&A, OTT, OTT, VOD