RTL Group has completed the sale of its entire shareholding in VideoAmp, a US software and data company for media measurement, for $104 million (€92 million) in cash. The transaction was carried out as a share buyback by VideoAmp and became effective on January 4th 2022. RTL Group’s shareholders will benefit from the transaction in […]
Xytech, a specialist in facility management software for the broadcast and media industries, has been purchased by San Francisco-based Banneker Partners, a software-focused private equity firm. Xytech CEO Richard Gallagher commented: “When I created Xytech, my primary goal was to bring facility management into the next generation to help media facilities — both large and […]
Dragan Solak, Serbian billionaire and founder of cable-TV operator United Group, has acquired a controlling stake in Southampton FC – the Premier League football club that currently sits 14th in the table. Southampton have confirmed the deal which sees Sport Republic, a London-based investment firm in the sports and entertainment industry, take an 80 per […]
North American streaming music and pay-radio operator SiriusXM, controlled by John Malone’s Liberty Media, has attracted an extra investment stake from Deutsche Bank AG. SiriusXM, as well as beaming hundreds of radio channels to the US and Canada, also offers subscribers its Pandora music streaming service. Deutsche Bank has increased it holding in SiriusXM by […]
DVEO has announced that it has merged with Stream Republic. DVEO says it is planning to run its operations and provide the same services but with the added support of OTT services provider Stream Republic “It is an exciting time for DVEO to be joining forces with Stream Republic. Stream Republic will bring the OTT […]
Following a period of exclusive negotiations and the approval of the board of directors of Enodia, Orange Belgium and Nethys have signed an agreement for the acquisition by Orange Belgium of 75 per cent less one share of quadplay operator VOO SA. The transaction is based on an enterprise value of €1.8 billion for 100 […]
Following the merger of Spanish company Klode Media, formerly Ikusi Multimedia, and Danish company TRIAX, the two companies become one organisation under one name and brand: TRIAX. The headquarters for the united organisation will be in Denmark with subsidiaries in 11 countries and partner presence in 60 more. Group CEO, Ken Cordes, commented: “Having one […]
Video software specialist SeaChange International, together with short video app company Triller Hold (TrillerVerz), have entered into a definitive agreement and plan of merger to combine SeaChange with TrillerVerz. The proposed business combination is expected to ultimately result in a value of the combined company at approximately $5 billion (€4.41bn). TrillerVerz believes it is positioned […]
The European Commission (EC) has granted unconditional antitrust clearance of Discovery’s proposed acquisition of AT&T’s WarnerMedia business. “Approval from the European Commission is a key milestone toward completing our proposed transaction with AT&T,” said David Zaslav, President and Chief Executive Officer of Discovery, and the future CEO of the combined company. “Today we move one […]
As it continues its asset disposal, AT&T has agreed to sell its global programmatic advertising marketplace, Xandr, to Microsoft. The agreement builds on a decade-long relationship between Xandr, including its predecessor companies, and Microsoft for delivering global digital media solutions for advertisers. As the digital landscape evolves in a post-cookie world, Microsoft, with Xandr, says […]