trending Market Intelligence /marketintelligence/en/news-insights/trending/ZjYSP9qNTdtv1t1UDYGosw2 content esgSubNav
In This List

Comcast buys app developer; Spotify acquires audio production marketplace

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Blog

Europe: 5 key OTT trends to watch in 202

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Comcast buys app developer; Spotify acquires audio production marketplace

S&P Global Market Intelligence provides a wrap-up of European media and communications deal announcements, completions and updates from Sept. 9 to Sept. 16.

TOP NEWS

* Comcast Corp. acquired Dutch app developer Metrological Group BV, Broadband TV News reported. Metrological develops apps that integrate over-the-top channels and on-demand services into traditional pay TV platforms.

* Spotify Technology SA acquired audio production marketplace SoundBetter LLC. Following the deal, SoundBetter will become a part of the Spotify for Artists team as part of the Swedish music-streaming platform's goal to help creators develop audio content and connect with their audience.

Media

* Music streaming company Akazoo Ltd. completed its merger with Modern Media Acquisition Corp. The combined entity, Akazoo SA, commenced trading Sept. 11 on the Nasdaq Stock Market under the ticker symbol SONG. Akazoo SA also raised about $55 million in new capital to fund the company's growth initiatives and for general corporate purposes.

Communications

* DBAG Expansion Capital Fund, which is managed by Deutsche Beteiligungs AG, will acquire a majority stake in German telecommunications service provider STG Braunsberg GmbH. The private equity firm plans to invest up to €14 million alongside the fund, for a combined stake of roughly 36% in STG Braunsberg Group. Previous owners Hermann and Günter Braunsberg will maintain a stake in STG and will keep their management roles. The deal is scheduled to close later in September, pending antitrust authority approvals.

* Semiconductor provider Rambus Inc. agreed to buy the Silicon intellectual property and secure protocols business of Verimatrix SA, formerly Inside Secure, for $65 million in cash. The deal will combine the companies' embedded security teams and products to create a portfolio of security IP and chip provisioning services, Rambus said Sept. 11. The acquisition is expected to close this year, subject to regulatory approval.

* Providence Strategic Growth Capital Partners LLC, an affiliate of asset management firm Providence Equity Partners Inc., made an investment in Mapal Software. Mapal is a Spanish developer and supplier of management and business analytics software for the restaurant and retail industries. The firm will use the new funding to support its international expansion strategy through targeted acquisitions in Europe, Latin America and the U.S. The lower middle-market private equity firm, which invests in software and technology-enabled service companies, also bought French software development company I'Car Systems Groupe SAS-DATAFIRST SAS from Argos Wityu Partners SA.

* Accenture PLC acquired Madrid-based big data analytics and artificial intelligence company Pragsis Bidoop, which will be integrated into Accenture's applied intelligence business. Pragsis Bidoop specializes in big data and AI solutions for digital modeling and machine learning to optimize manufacturing processes, and advanced predictive models to reduce business forecasting errors.

* Global Telecom Holding SAE shareholders approved VEON Ltd. unit VEON Holdings BV's offer to acquire all the operating assets of Global Telecom Holding. Following the approval, VEON completed the intragroup transfers of Jazz, Banglalink and Med Cable.

Links are current as of publication time, and we are not responsible if those links are unavailable later.