The major investment in Zee Entertainment by Sony has entered the due-diligence phase and the process is progressing well, according to Zee’s MD/CEO Punit Goenka. “We are confident that the process will complete within the stipulated timeline or even before that post which we will move with our next step as mandated by the law. […]
Millicom has signed an agreement to acquire the remaining 45 per cent equity interest in its joint venture businesses in Guatemala (collectively, ‘Tigo Guatemala’) from its local partner for $2.2 billion (€1.9bn) in cash. As a result, Millicom will own a 100 per cent equity interest in Tigo Guatemala. The transaction is expected to be […]
In a deal it says marks a significant milestone towards global expansion, sports-first live TV streaming platform fuboTV has and entered into a binding agreement to acquire French live TV streaming company, Molotov. The transaction fuels fuboTV’s global expansion strategy by leveraging Molotov’s direct-to-consumer live TV streaming service and its advertising video-on-demand (AVoD) platform, Mango, […]
The planned $7.3 billion (€6.3bn) acquisition by Viasat of Inmarsat confirms Viasat’s position as the satellite industry’s largest player in terms of revenues. But the deal could also herald a further suite of consolidations. In the words of analyst Sami Kassab, from investment bank Exane/BNPP, this transaction will help diversify Viasat’s geographic and vertical exposure, […]
Unity, the video game software company, has entered into a definitive agreement to acquire Weta Digital, co-founded by Hollywood director Peter Jackson, for $1.6 billion (€1.38bn). Unity has specifically acquired its artist tools, core pipeline, intellectual property, and award-winning engineering talent. The Academy Award-Winning VFX service teams of Weta Digital will continue as a standalone […]
DoubleVerify (DV), a software platform for digital media measurement, data and analytics, has entered into an agreement to acquire OpenSlate, a pre-campaign contextual targeting platform that enables brands to align advertising with suitable or contextually relevant content across social video and CTV. The acquisition of OpenSlate is a cash and stock transaction valued at $150 […]
MPP Global, a technology company that helps enterprises transform and embrace the subscription revolution, has been acquired by Aptitude Software Group, a specialist provider of finance transformation and automation software. The £37.1 million deal combines the strengths of both MPP Global’s subscription management platform, eSuite, with Aptitude’s financial management software to provide a powerful revenue […]
The long-expected consolidation amongst major satellite players is happening. California-based Viasat is set to buy London-based Inmarsat for $7.3 billion (€6.3bn) in a cash and shares deal. Inmarsat was taken private in 2019 at $6 billion. Today, Viasat is paying an extra $1.3 billion as management have valued the Net Present Value of synergies at […]
Media assets specialist Signiant is to acquire Levels Beyond, the company behind the media workflow software suite known as Reach Engine. Levels Beyond’s talent and technology will be used to extend the functionality of Signiant’s SaaS platform, adding new capabilities for simplifying and modernising media workflows. “By virtue of our underlying acceleration technology and broad-based […]
Video advertising workflow and delivery specialist Peach is to acquire Advalidation, a SaaS product focused on improving ad experience and compliance. The official announcement follows a move to acquire Advalidation starting earlier this year, completing September 2021. “The acquisition of Advalidation adds a key component in fulfilling Peach’s mission — to help fix how advertising […]