The merger of the sports broadcasting businesses of BT Group and Warner Bros. Discovery has been approved by the UK’s Competition and Markets Authority. BT and Warner Bros. Discovery welcomed the move, which paves the way for them to form a joint venture company in the next few weeks and for each of their assets […] More
Eurosport’s UK and Ireland business looks set to merge with BT Sport after Discovery and the BT Group entered into exclusive discussions over a deal that would create a new joint venture. The companies are aiming for a 50:50 pact that would be operational this year, pending a definitive agreement and regulatory approval. The new […] More
Eleven will become a ‘technology company’ after purchasing the live football streaming firm MyCujoo, the sports broadcaster’s chief executive has said. Speaking to journalists following the announcement of the acquisition last week, Luis Vicente (pictured, below) revealed that he wants Eleven to develop its own technology products and features and that it will do so […] More
Telestream has bought EcoDigital, the privately-owned corporation formerly known as Front Porch Digital. Based in Alpharetta in Georgia, EcoDigital is responsible for the Content Management Software (CMS) system Diva which manages the archiving and retrieval of video and audio assets, automating the process and providing transcoding from to and from the archive repository. Customers include […] More
Black Dragon has officially completed its acquisition of Grass Valley from Belden in a transaction that includes cash consideration plus various forms of deferred consideration. The gross cash consideration is $120m (£94m/€105m), or approximately $67m net of cash delivered with the business. Belden will also invest $3m for an equity interest in Grass Valley with the […] More
EVS has bought the broadcast and media network infrastructure specialist Axon in a deal worth €10.5m that includes 80 staff and its development centres in the Netherlands and the UK. Axon is responsible for the Cerebrum control and monitoring system, Neuron IP stream processing platform and the Synapse modular infrastructure platform. It has an international […] More
The private equity firm Black Dragon Capital has agreed a deal to buy Grass Valley from Belden for an undisclosed fee. The sale, which will be finalised during the first quarter of 2020, will transfer full control of all Grass Valley assets to Black Dragon. Black Dragon Capital is led by Louis Hernandez Jr, a […] More
The Canada-based IP video processing technology firm Embrionix has been bought by Riedel Communications. The acquisition will “strengthen Riedel’s expertise in IP-enabled hardware and software” and further broadens its portfolio of video solutions, the company said. Both firms develop and provide signal transport and processing products for the media and entertainment market. Founded in 2009 […] More
