Tag: mergers and acquisitions

Warner Bros. Discovery (WBD) has appointed Anthony Noto, CEO of SoFi Technologies and a former Twitter executive, and Joey Levin, CEO of IAC, to its board of directors, expanding the board to 13 members. Noto joined on January 8, and…

Venu Sports, formerly known as "Spulu" and sometimes referred as "Clown Co" has officially been scrapped before launch. Disney's acquisition of Fubo effectively duplicated Venu’s concept, rendering the project redundant. Venu joins a long list of failed sports media ventures,…

Comcast announced the leadership team for SpinCo, led by CEO Mark Lazarus and CFO Anand Kini. The team includes NBCU vets in key roles, such as Val Boreland (entertainment), Keith Cocozza (comms), and David Pietrycha (revenue and business). SpinCo, launching…

Roku has reached 90 million global streaming households, representing nearly half of U.S. broadband homes. The milestone underscores Roku’s market dominance, driven by its affordable devices, integration into smart TVs via the Roku TV program, and its rapidly growing ad-supported…

DAZN will acquire Australia’s Foxtel Group for $2.2 billion, strengthening its position in the Australian market and expanding its global reach. The deal, expected to close by mid-2025, leverages Foxtel’s 4.7 million subscribers and its successful transition to a digital…

Warner Bros. Discovery is restructuring into two units: Global Linear Networks and Streaming & Studios. The move aims to unlock shareholder value but faces criticism for dismantling key synergies that power Max and global growth according to Skip.

Business Insider has reported ad-industry insiders’ views on Omnicom’s $13.25 billion bid to acquire IPG, sparking speculation of further consolidation in the $70 billion advertising sector. The merger reflects pressures from concentrated ad spending by tech giants, AI disruptions, and…

Bending Spoons is acquiring Brightcove in a $233 million all-cash deal, valuing the company at $4.45 per share and taking it private. This marks Bending Spoons’ entry into the enterprise SaaS market, leveraging Brightcove’s streaming expertise. However, the deal raises…

DirecTV announced plans to terminate its agreement to acquire Dish Network and Sling TV on Friday, November 22, citing Echostar's failure to secure a $9.75 billion debt exchange deal with creditors. DirecTV CEO Bill Morrow emphasized the company's strong balance…

Mediaocean has agreed to acquire Innovid for $500 million, merging it with its 2021 acquisition Flashtalking to create a leading independent ad tech company focused on creative, CTV, and ad delivery across multiple channels. The deal, closing in early 2025,…