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. SES predicts end of ‘big’ Geo satellites
2. Amazon Leo gets approval for 4,504 extra satellites
3. SpaceX gets a portion of India
4. TerreStar wants to build LEO network
5. Musk: “No Starlink phone”
6. Russia accused of eavesdropping on satellites
7. FCC welcomes Musk’s 1m satellite plan
8. Telesat has problems with an LEO
9. Orbital debris a real danger 

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