Video software provider Synamedia has acquired Quortex, the privately-held provider of a cloud video delivery platform. Financial details were not disclosed. With this acquisition, Synamedia says it will enhance its cloud Video Network capabilities, complementing its VIVID Workflow as-a-Service (WaaS) with a set of solutions for OTT content processing, disaster recovery, long-tail content processing for […]
Elon Musk is backing out of his proposed $44 billion (€43.5bn) acquistion of social media site Twitter, alleging multiple breaches of the agreement. Musk made his movie back in April, sayng he wanted “to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating […]
Italian Group Media for Europe (MFE), owned by Silvio Berlusconi, will hold 82.92 per cent of Mediaset Spain after waiving the minimum acceptance threshold standing at 85 per cent. The Group – already owner of 55.69 per cent of the Spanish company – plans to take Mediaset Spain out of the Stock Market when the […]
The Play Group (part of the iliad Group) has acquired 92.5 per cent of shares in Redge Technologies. The residual 7.5 per cent of share capital remains with Przemysław Frasunek, CEO and Co-Founder of the company. Redge Technologies is the leader in OTT and edge computing technologies in Central Europe. Its flagship technology, Redge Media, […]
As private equity firm Providence Equity Partners completes its acquisition of cloud-based managed Wi-Fi solutions provider Airties, it has been confirmed that Tony Ball, former chairman of Kabel Deutschland and CEO of BSkyB, and current Senior Advisor of Providence Equity Partners, will serve as new Chairman of the Airties board. Philippe Alcaras will continue to […]
Equativ, the independent ad monetisation platform, has announced its strategic investment in Nowtilus, the digital video personalisation company that facilitates broadcaster and publisher transitions to digital streaming. After the recent announcement of its rebranding, shifting away from Smart to Equativ to settle the complete integration of its unified proposition, this move is the latest in […]
Xperi, owner of TiVo, has acquired OTT and hybrid TV solutions provider Vewd Software for $109 million (€106m) through a mixture of cash and debt. Vewd solutions ship in more than 30 million connected TV devices annually. Furthermore, the transaction gives Xperi access to an installed European footprint of approximately 15 million devices that can […]
The acquisition of the majority of the capital of Euronews by Alpac Capital, announced in December 2021, has been finalised, following the approval of the investment by the French Ministry of the Economy, Finance and the Recovery. Alpac Capital is an investment fund manager based in Portugal, owned by Pedro Vargas David and Luís Santos. […]
US businessman and investor Peter Chernin has bought US division of Red Arrow Studios from ProSiebenSat.1 and rolled them into Chernin Entertainment to become part of The North Road Company – a global content studio unveiled earlier this year. Chernin paid $200 million (€196.3m) for Red Arrow’s US companies including Kinetic Content, Left/Right, 44 Blue, […]
UK-based 108 Media has acquired a majority stake in Singapore-based animation studio Robot Playground Media (RPM). Co-founded and run by Ervin Han and Bernard Toh, RPM is one of is a creative studio specialising in developing and producing premium multicultural animation IP for clients such as Warner Bros, Disney Southeast Asia, Discovery, MediaCorp, StarHub and […]