Ericsson completes Red Bee acquisition
Ericsson has completed its acquisition of Red Bee Media, the media services company headquartered in the UK, from Creative Broadcast Services Holdings – an entity controlled by Macquarie Advanced Investment Partners.
Ericsson announced its intention to acquire Red Bee Media on July 1st 2013, and the UK’s Competition Commission formally cleared the acquisition on March 27th 2014.
Red Bee Media’s list of broadcast services customers include the BBC, BSkyB, BT Sport, Canal Digital, Channel 4, EE, UKTV, UPC, Virgin Media and more.
Magnus Mandersson, Executive Vice President and Head of Business Unit Global Services at Ericsson, says: “We’re very happy to welcome our new employees to Ericsson and are confident they will help to take our broadcast services business to the next level and extend our global presence. We now have more than 5,000 employees in the UK and close to one-third of them work in broadcast services. As a result, the UK is now a major global media hub for Ericsson.”