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Deals through April 29


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Deals through April 29

SNL Kaganprovides a wrap-up of media and communications deal announcements and completionsfrom April 25 to April 29.

M&A Media

* agreed to acquireTiVo Inc. via a cash-and-stocktransaction worth about $1.1 billion. Rovi will pay $10.70 per TiVo share, of which$2.75 will be in cash, according to an April 29 news release. The remaining $7.95will be paid through shares of common stock in a new holding company that will ownboth Rovi and TiVo. Rovi will adopt the TiVo brand upon the transaction's completion.The deal is expected to close in the third quarter, subject to customary closingconditions, including approval from regulators as well as TiVo and Rovi stockholders.The combined company will be led by Rovi CEO Tom Carson.

* U.K.-based holiday rental websiteHouseTrip, VentureBeat reported April 28. Financial terms of the were not disclosed. TripAdvisorwill maintain the HouseTrip brand, and the latter's property portfolio will be offeredas part of the TripAdvisor Vacation Rentals service, according to the report. HouseTripreportedly offers about 300,000 European properties, plus some North American ones.

* unit to acquire DreamWorksAnimation SKG Inc. in an all-cash deal that values the studio at about$3.8 billion. DreamWorks Animation stockholders will receive $41 in cash for eachshare of DreamWorks common stock, the company said April 28. The agreement has beenapproved by the boards of both companies, and the controlling shareholder of DreamWorksAnimation has approved the agreement by written consent. The deal is expected toclose by the end of 2016, subject to receipt of antitrust approvals in the U.S.and abroad, as well as the satisfaction of other customary closing conditions. Followingthe acquisition, the studio will become part of the Universal Filmed EntertainmentGroup, which includes Universal Pictures, Fandango and NBCUniversal Brand Development.

* strucka deal in the secondquarter to buy substantiallyall of the assets of Journal Multimedia, a multi-title publishing, events, mediaand research company, for $18 million in cash, the company said April 28. New MediaInvestment Group announcedthe deal's closing May 2.

* isto acquire a minority stakein RugbyPass, an over-the-top sports service platform for rugby fans across 23 Asianmarkets, Variety reported April 27. NewZealand's Coliseum Sports Media launched RugbyPass in Asia last February, allowingrugby fans in the region to watch matches on demand, in high definition. Among thefeatured rugby matches are Super Rugby, European Champions Cup, Aviva Premiershipand the 2017 British Lions Tour in New Zealand.

M&A Communications

unit AhanaRenewables completedthe purchase of the developmentbusiness of Armstrong Energy Global, a developer and owner of solar farms in India,in April. As a result of the acquisition, the companies have created Vibrant Energy,which will oversee the development, construction and operations of photovoltaicsolar projects in Southern India, Atlantic Tele-Network CEO Michael Prior said ina Form 8-K filed April 28.