S&P Global MarketIntelligence provides a wrap-up of media and communications deal announcementsand completions from July 4 to July 8.
*Google Inc.acquired , a video streamingand monetization platform. Anvato will join the unit's Google CloudPlatform team. Anvato's Media Content Platform will complement Google's effortsto enable scalable media processing and workflows in the cloud, according to aJuly 7 official blog post.
*Patrick Dolan, the son of CablevisionSystems Corp. founder Charles Dolan, has entered into an to purchase a majoritystake in Newsday Media Group from AlticeNV. Under the deal, an entity led by Patrick Dolan has bought 75%of Newsday Media, which includes the flagship Newsday paper, with Altice retaining a 25% interest in the company.Patrick Dolan, president of News 12 Networks, becomes president and majorityowner of Newsday Media, while his father will hold a small financial interestin the company and serve on its board of directors.
*Alphabet is beefing up its artificial intelligence program with the of , a Paris-basedmachine-learning company that develops image recognition technology, thecompany announced in a blog post. Moodstocks said on its website that thecompany will build image recognition tools as a part of Alphabet unit Google.
*Madison Square Garden Co.said July 6 it has acquireda controlling stakein Boston Calling Events LLC, the company behind the Boston Calling musicfestival. Boston Calling Events co-founder and CEO Brian Appel will continue tolead the entertainment production company. MSG said that the acquisition willgive it access to new artists and enable cross-promotion, sponsorship,marketing and bookings opportunities for both companies.
*Blucora Inc. isselling its Infospacebusiness to OpenMail LLC, a privately held data management and marketingtechnology company, for $45 million in cash. The deal is expected to close in the thirdquarter, subject to the satisfaction of customary closing conditions, thecompany said July 5. Blucora plans to use net proceeds from the sale to pay offdebt.
*Dycom Industries Inc. completedits purchase of certain assets used in the current wireless network deploymentand wireline businesses of GoodmanNetworks Inc. The transaction,first announced in early June, was for $107.5 million in cash, subject to anestimated working capital adjustment of $4.7 million. The acquired businessesprovide wireless construction services in Texas, Georgia, Southern California,plus other markets. They are expected to generate revenues in the $150 millionto $165 million range over the next 12 months.