trending Market Intelligence /marketintelligence/en/news-insights/trending/8WrDW7vAfYdfkMONyEWjLQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Fox Entertainment acquires Bento Box Entertainment; Viacom to buy Garfield

COVID-19 Could Hamper Broadcast Ad Revenues In Q1’2020

Australia And New Zealand Telcos Launch Special Packs Amidst COVID-19 Outbreak

IPTV, Multichannel Services In Asia Evolving Quickly In Response To COVID-19

OTT Winners, Losers In The Age Of COVID-19


Fox Entertainment acquires Bento Box Entertainment; Viacom to buy Garfield

S&P Global Market Intelligence provides a wrap-up of U.S. companies' technology, media and telecommunications deal announcements, completions and updates from Aug. 5 to Aug. 12.

Announcements

* Fox Corp. agreed to buy a 67% stake in Credible Labs Inc., a U.S.-based consumer finance marketplace operator, for about $265 million. Post deal completion, Fox Corp. will invest up to $75 million in Credible Labs over about two years to support the company's growth.

* Viacom Inc. agreed to acquire comic studio and production company Paws Inc., which holds global intellectual property rights to the "Garfield" and U.S. Acres franchises. The acquisition, which is expected to close in the upcoming weeks, will see Viacom add "Garfield" to its Nickelodeon portfolio of properties.

* New Media Investment Group Inc. agreed to buy USA Today owner Gannett Co. Inc. in a cash-and-stock transaction. Gannett shareholders will receive $6.25 in cash and 0.5427 of a New Media share for each Gannett share they hold, representing a total consideration of $12.06 per Gannett common share based on New Media's stock price as of Aug. 2. The price is a premium of about 18% to the five-day volume-weighted average price of Gannett shares as of that date.

* Cisco Systems Inc. plans to acquire artificial intelligence-based enterprise voice assistant software developer Voicea for an undisclosed sum. Rizio Inc. is doing business as Voicea.

* Enterprise cloud computing solutions company Salesforce.com inc. is buying ClickSoftware Technologies Ltd. for an enterprise value of $1.4 billion. Salesforce will acquire the field service management solutions provider from technology-focused private equity firm Francisco Partners Management LP, according to a news release.

Completions

* Fox Entertainment Group Inc. has acquired Bento Box Entertainment LLC, the animation house behind "Bob's Burgers" and other animated shows on FOX (US). While financial terms of the deal were not disclosed, a report by The Wall Street Journal cited a source to indicate that the acquisition is valued at less than $50 million.

* Microsoft Corp. acquired PromoteIQ, a provider of marketing technology to online retailers and brands, for an undisclosed sum. PromoteIQ will maintain its brand and become a division within Microsoft Advertising, according to an official blog post.

* Blue Ant Media Inc. unit Omnia Media Inc. bought Wisecrack Inc., a digital video and podcasting company, for an undisclosed sum, Variety reported. Wisecrack will continue to operate as its own brand following the transaction.

* Hackman Capital Partners LLC, through an affiliated entity, has acquired Carlyle Group LP's film and TV studio real estate and production services platform, The MBS Group, for $650 million. Hackman Capital purchased the studio production facility in a partnership led by real estate and investment management firm Square Mile Capital Management LLC.

* TEGNA Inc. closed its acquisition of Dispatch Broadcast Group stations in Indianapolis and Columbus, Ohio. TEGNA paid $535 million in cash for NBC (US)-affiliate WTHR in Indianapolis, CBS (US)-affiliate WBNS in Columbus, and WBNS radio in Central Ohio.

Updates

* Deutsche Telekom AG is willing to engage with state attorneys general who have filed a lawsuit against the merger between its U.S. unit T-Mobile US Inc. and Sprint Corp., the company's CEO, Timotheus Höttges, said during an earnings conference call. The U.S. Department of Justice conditionally approved the deal after the parties agreed to divest certain assets to DISH Network Corp.

* Semiconductor-devices maker Broadcom Inc. agreed to acquire the enterprise-security business of Symantec Corp., including the Symantec name, for $10.7 billion in cash. Broadcom intends to fund the transaction with proceeds from new committed debt financing, according to an Aug. 8 news release.

* CBS Corp. and Viacom are yet to announce a merger agreement and are ironing out the details of the merger's exchange ratio, with a deal now expected in the coming days. CNBC earlier reported the companies were unlikely to make a merger announcement in time for CBS' earnings release Aug. 8 despite expectations.