Ericsson has entered into an agreement to acquire Vonage for a total acquisition price of approximately $6.2 billion (€5.4bn). The merger agreement was approved unanimously by the Board of Vonage. The transaction builds upon Ericsson’s stated intent to expand globally in wireless enterprise, offering existing customers an increased share of a market valued at $700 […]
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. […]
Redbox has completed its previously announced business combination with Seaport Global Acquisition, a publicly traded special purpose acquisition company. As a result of the merger, the entity will be known as Redbox Entertainment. Redbox’s common stock and warrants are expected to begin trading on NASDAQ on October 25th. “Today marks the beginning of Redbox’s next […]
Mediaocean, the global omnichannel advertising platform, has announced an investment from funds advised by CVC Capital Partners, along with TA Associates, who are acquiring the stake in the company held by Vista Equity Partners. Mediaocean helps agencies and marketers manage $200 billion in annualised media spend. CVC and TA say they are committed to investing […]
Adtran has announced a merger with ADVA to create a global, scaled provider of end-to-end fibre networking solutions for communications service provider, enterprise and government customers. The merger combines Adtran’s global prowess in fibre access, fibre extension and subscriber connectivity solutions with ADVA’s expertise in metro wavelength division multiplexing, data centre interconnect, business ethernet and […]
Telestream, a portfolio company of Genstar Capital and a leading provider of digital media tools and workflow solutions, has announced the acquisition of Sherpa Digital Media, a live event hosting and distribution platform used around the world by Fortune 500 companies and others to stream content to their customers, employees, and members. “Sherpa Digital Media […]
A commercial court in Madrid has set a July 1st hearing on Italian broadcaster Mediaset’s plans to merge its Italian and Spanish divisions under a Dutch holding, Mediaset Espana has declared in a filing with the Spanish regulator. The Spanish commercial court (Juzgados de lo Mercantil) suspended the merger in October 2019 as a precautionary […]