S&P Global Market Intelligence provides a wrap-up of U.S. media and communications deal announcements and completions from May 29 to June 2.
* AT&T Inc. struck a deal to acquire Brocade Communications Systems' Vyatta network operating system and associated assets for an undisclosed sum, the company said June 2. The deal is expected to close in early summer. AT&T plans to hire certain Brocade employees, mostly in California and the U.K., in conjunction with the deal closing.
* A+E Networks is buying NBCUniversal International's stake in a joint venture that operated A+E Networks Germany, Deadline.com reported June 1. The deal is subject to regulatory approval. A+E Networks Germany operates History and A&E in Germany, Switzerland, Austria, Luxembourg, Alto Adige and Liechtenstein. NBCUI will continue to offer key services to A+E Networks in German-speaking Europe. A+E Networks is a joint venture of Walt Disney Co.'s Disney-ABC Television Group and Hearst Corp. NBCUniversal International is a unit of Comcast Corp.
* Quotient Technology Inc. closed the acquisition of mobile marketing and advertising company Crisp Media Inc., d/b/a Crisp Mobile, the company said June 1. The company previously said it will pay $20 million in cash and $13 million in stock, subject to certain adjustments at closing. Further, a contingent consideration of up to $24.5 million in cash may become payable upon the achievement of certain financial metrics over a period of one year after the closing.
* NBC News acquired a 25% stake in international news network Euronews. Post acquisition, the organization will cobrand its TV and digital platforms to EuronewsNBC. Media Globe Networks will remain the majority stakeholder in Euronews, according to a May 31 press release. NBC News reportedly will make a $30 million investment in Euronews.
* 1-800-FLOWERS.COM Inc. completed the sale of its Fannie May Confections Brands Inc. business to Ferrero International SA in a deal worth about $115.0 million, according to a May 30 news release. The transaction includes Fannie May subsidiaries Fannie May Confections Inc. and Harry London Candies Inc.