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Fandango to buy; Yelp completes Eat24 sale

S&P Global Market Intelligence provides a wrap-up of U.S. companies' media and communications deal announcements and completions from Oct. 9 to Oct. 13.

* NBCUniversal Media LLC's Fandango struck a deal to acquire online movie ticketing service, which serves clients in the U.S., Canada, the U.K. and Latin America. will join NBCU's Fandango, Flixster, Ingresso and Fandango Latin America suite of movie ticketing brands. will continue to operate from its Boca Raton, Fla., headquarters, following the deal closing, the companies said in an Oct. 13 press release. The acquisition will help Fandango expand its footprint in Latin America and establish a presence in Canada and the U.K. for the first time, the company said. It also will bring new exhibitors to Fandango's ticketing network, including National Amusements, Cineplex, Landmark Theatres and Marquee Cinemas, along with other independent theater chains. The acquisition is expected to close in the fourth quarter, subject to customary closing conditions. NBCU is a unit of Comcast Corp.

* Lions Gate Entertainment Corp. acquired Good Universe, an independent film production company founded by Joe Drake and Nathan Kahane. The company said Oct. 12 that it tapped Drake to co-chair its Motion Picture Group along with Patrick Wachsberger, who recently signed a new agreement with Lions Gate. Kahane will continue to head Good Universe under Lions Gate's ownership.

* Affiliates of certain funds managed by Apollo Global Management LLC have acquired all of the outstanding common shares of West Corp. for $23.50 per share in cash, taking the provider of communication and network infrastructure services private. The transaction had an enterprise value of approximately $5.2 billion, including net debt and transaction fees and expenses. West's common shares will no longer trade on the Nasdaq Stock Market and will be delisted.

* Short-form podcast app 60dB joined Alphabet Inc. unit Google Inc., according to an Oct. 11 Medium blog post. Co-founders of 60dB said the service will shut down Nov. 10. Confirming the news in a statement to, a Google representative said the search giant acquired "some assets" and that it was not a formal acquisition.

* Yelp Inc. closed the sale of its online food ordering business Eat24 to GrubHub Inc. The company said Oct. 10 that it received about $251.7 million in cash at closing, which remains subject to customary post-closing adjustments, and an additional $28.8 million in cash will be held in escrow for an 18-month period after closing to secure GrubHub's rights of indemnification. Yelp will update its full-year 2017 financial outlook, reflecting the expected financial impact of the sale of Eat24 and GrubHub partnership, upon reporting the third-quarter results. Yelp sold Eat24 as part of a strategic partnership with GrubHub to integrate online ordering from all GrubHub restaurants onto the Yelp local goods and services platform. The partnership with GrubHub is expected to increase the number of order-enabled restaurants on Yelp to about 75,000 when fully implemented, Yelp said.

* Google Inc. purchased Relay Media's AMP Converter technology, which helps load webpages faster. Relay Media will continue to provide service to existing customers during the transition to Google's infrastructure, according to a post on Relay Media's website.