Mergers & Acquisitions
Rovi has finally executed on its long-rumored acquisition of TiVo, with the set-top box company that had a major hand in changing how consumers watch TV being purchased – along with a treasure trove of user data – for $1.1 billion.
Rovi, which primarily provides digital entertainment guides, will pay $10.70 per share, a 13.6% premium on TiVo’s price Thursday.
Getting the right content to attract Millennials and younger viewers to mobile video services is a crucial – and proving to be more difficult than carriers have expected – first step in growing a service.
Video optimization company Beamr is acquiring encoding specialist Vanguard Video, allowing Beamr to add HEVC and H.264 encoding technology to its repertoire.
The Tel Aviv-based company also announced a $15 million private funding round, led by Disruptive Growth, with participation from Marker and Innovation Endeavours.
Verizon is adding yet another piece to its Verizon Digital Media Services stack in an attempt to move up market in the Cloud TV space, announcing it had acquired broadcast monitoring and content archiving company Volicon. No terms for the deal were made public.
The rush to collect content continues as Warner Bros. today announced it had acquired DramaFever, the niche SVOD player that streams content from Korea and other countries to audiences in more than 20 countries, including the United States.
The Time Warner subsidiary bought the seven-year-old company from Japan’s Softbank, which has owned it since acquiring it for a reported $100 million in 2014.
It’s been on the block since last year.
Verizon’s on-again, off-again love affair with Yahoo has apparently been reignited, with Lowell McAdam, the telco’s CEO, on Friday telling CNBC’s Mad Money that Verizon is, in fact, considering a bid for the beleaguered Internet portal.
"We have to understand the trends,” McAdam said. “At the right price, I think marrying up some of their assets with AOL and the leadership would be good.”
Time Warner, which has been rumored since November to be interested in becoming the fourth owner of streaming video site Hulu, apparently is concerned that having current seasons of shows on the service is fueling cord cutting. It wants co-owners Comcast, 21st Century Fox and Disney to put an end to catch up viewing before it agrees to take a 25% stake in Hulu, which has ben valued at $4 billion, according to published reports.
Usually, July is the silly season where rumors are rampant because there’s just no news coming out of the tech world. But today, Netflix’s share price has popped more than 5% on rumors Apple may be interested in acquiring it. Has a new silly season started? Probably.
The source of the minor price run up was a Forbes article yesterday that’s been picked up and reshaped by a number of media outlets and, so, Boom!, a rumor with legs.
Like the Star Wars movie franchise, consolidation in the digital media space is continuing. This time, it’s IBM that has acquired a small startup looking for a good exit. Big Blue is gobbling up live streaming specialist Ustream, with plans to add the company to a new Cloud Video Services unit that will focus on enterprise. Terms of the deal were not disclosed, but some sources report IBM paid about $130 million for the San Francisco-based start up.
Ericsson, which has acquired multiple new media companies over the past two years, has announced it plans to acquire entertainment metadata and rich media content supplier FYI Television, looking to leverage the company’s ability to help personalize content.
Rumors from Madrid say Spanish telecom Telefónica is weighing whether AT&T’s pay-TV assets in Latin America (nee DirecTV pay-TV assets in Latin America) are worth making the $10 billion bid they’d likely draw.
Included in the package likely would be satellite and cable television services in Brazil, Colombia, Venezuela and Argentina among others.
Downton Abbey could have a new master is reports that NBCUniversal is on the trail of British commercial broadcaster iTV are true.
Shares of iTV are up on the speculation that comes after reports that the chiefs of the two broadcasters met recently.
The Daily Mail reports that iTV could go for £11 ($16.38 billion)