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E.W. Scripps completes radio stations sale; CBS selling Television City property

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E.W. Scripps completes radio stations sale; CBS selling Television City property

S&P Global Market Intelligence provides a wrap-up of U.S. companies' technology, media and telecommunications deal announcements and completions from Dec. 11 to Dec. 17.

Announcements

* Vector Capital Management LP signed a definitive agreement to acquire cloud-based service provider Host Analytics Inc. for an undisclosed sum. As part of the deal, Host Analytics majority shareholder StarVest Partners LP will remain a significant investor in the company. The transaction is expected to close within 30 days, subject to customary closing conditions and regulatory approval, according to a Dec. 13 news release.

* CBS Corp. signed a definitive agreement to sell its CBS Television City property and soundstage operation to real estate developer Hackman Capital Partners LLC for $750 million. Under terms of the agreement, CBS programs including "The Late Late Show with James Corden," "The Price is Right," "The Bold and The Beautiful" and others will continue to be produced on the studio campus for "at least the next five years," the company said Dec. 10. Hackman Capital will also acquire the rights to use the Television City trademark in connection with its operations on the property. The transaction is expected to close by early 2019, subject to customary closing conditions and regulatory approval.

* Cinedigm Corp. entered into an agreement to acquire over-the-top video-on-demand service Viewster AG and its subsidiary platform Viewster Anime for an undisclosed sum. Content offerings from Viewster and Viewster Anime will be integrated with Cinedigm's library of channels and content, the company said Dec. 10. Cinedigm will also take over the operations of content, applications and social assets for both brands. Cinedigm expects to complete the acquisition in January 2019.

Completions

* Ntiva Inc. acquired the commercial managed services and hosting division of Lore Internet Systems Inc., a technology services company. Ntiva will integrate Lore Systems' clients into its own portfolio of commercial and nonprofit clients, according to a Dec. 13 news release. Financial terms of the transaction were not disclosed.

* Cleveland-based microcap private equity firm MCM Capital Partners picked up a majority stake in Salem, N.H.-based Andover Corp. The acquisition, terms of which were not disclosed, was conducted in partnership with Andover President John Cotton and the executive management team.

* Swiftpage Inc., a provider of software and services aimed at small and midsize businesses, acquired Kuvana Inc., which makes an email marketing and marketing automation solution aimed at the same segment of the market.

* E.W. Scripps Co. completed the sale of 34 radio stations in eight small and midsize markets as part of its restructuring plan. Total proceeds from the divestitures were $83.5 million, while net proceeds were about $55 million after tax, according to a Dec. 12 news release.

* Maple Media LLC acquired Banana & Co.'s mobile game portfolio for an undisclosed sum. With the deal, Maple Media will transition Banana & Co.'s apps into its own portfolio of apps and games to extend within each gaming category and expand into new categories, according to a Dec. 10 news release.

* Mobiquity Technologies Inc. completed its merger with Advangelists LLC, a privately held technology platform for digital programmatic advertisers. On the heels of the deal, the companies unveiled a location media inventory analyzer and targeting product for programmatic media markets, code-named Savitr.