Brightcove, a global provider of cloud services for video, has entered into a definitive agreement to acquire substantially all the assets of Unicorn Media, a provider of cloud video ad insertion technology. Based on a $14 price per share of Brightcove common stock as specified in the purchase agreement, the transaction is valued at approximately $49 million.  Under the terms of the agreement, the purchase price consists of approximately 2.9 million shares of Brightcove stock and approximately $9 million of cash used to pay transaction and other expenses of Unicorn Media.

“We believe that online video has the potential to surpass traditional TV by offering mass personalisation, superior ad targeting, and frictionless distribution to more screens in more locations,” said David Mendels, Chief Executive Officer of Brightcove. “However, media companies are struggling to effectively deliver ad-supported video content to a fragmented landscape of platforms, including mobile devices, set top boxes, connected living room devices, and a growing number of PCs that have ad-blockers installed. Through the acquisition of Unicorn Media, Brightcove will empower media companies to address these challenges by offering the most comprehensive suite of cloud services for delivering and monetising online video content to the broadest range of devices.”

Other posts by :

1. Laser terminals to operate at 100x faster
2. Starlink success in Spain, but South Africa proves difficult
3. RocketLab doubts over Mynaric bid
4. IRIS2 free for government usage?
5. Bank: AST SpaceMobile will orbit 356 satellites by 2030
6. SpaceX launches 600th rocket
7. Starlink: 10m customers and counting
8. SES predicts end of ‘big’ Geo satellites
9. Amazon Leo gets approval for 4,504 extra satellites

Categories: Advertising, Articles, Business, M&A, Video