trending Market Intelligence /marketintelligence/en/news-insights/trending/wCEUkjT940vsOUZ5Bh0ePg2 content esgSubNav
In This List

Amazon buys Blink; TEGNA to acquire Midwest Television's San Diego stations

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Podcast

MediaTalk | Episode 26: Video game industry growth softens amid post-pandemic hurdles

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Silver-anniversary Black Hat Conference tackles the 'super empowered' individual


Amazon buys Blink; TEGNA to acquire Midwest Television's San Diego stations

S&P Global Market Intelligence provides a wrap-up of U.S. companies' media and communications deal announcements and completions from Dec. 18 to Dec. 22.

* Online retailer eBay Inc. closed its purchase of Toronto-based data provider Terapeak. Terapeak's team joined eBay's B2C Selling and Seller Experience groups, the company said Dec. 22.

* Amazon.com Inc. acquired Blink, a startup that makes battery-powered connected home security cameras, for an undisclosed sum. Blink announced the acquisition on its website. "If you own one of our systems, nothing changes for now. We'll continue to operate under the Amazon umbrella selling and supporting the same great products you know and love," the company said.

* Comcast Corp.'s NBC Sports struck a deal to buy Time Inc.'s Sports Illustrated Play paid software app, the New York Post reported Dec. 21, citing sources with knowledge of the matter. The all-cash deal is expected to close before the Meredith Corp. deal closes early next year.

* Online retailer Overstock.com Inc.'s blockchain subsidiary tZERO said Dec. 22 that it will acquire a 24% stake in financial services and depository trust and clearing firm StockCross Financial Services Inc. for $12 million. Upon closing, StockCross shareholders will reinvest $3 million of the $12 million into StockCross for "forward strategic investments." Further, tZERO will be entitled to a one-time distribution of about 1.2 million shares of Siebert Financial Corp. as part of a previously signed agreement between Siebert and StockCross on May 8. The transactions are expected to be completed in the first quarter of 2018. Following the completion of these transactions, tZERO portfolio companies will own about a 5% stake in Siebert.

* Beasley Broadcast Group Inc. closed the exchange of WMJX-FM, 106.7MHz Boston and $12 million cash for WBZ-FM, 98.5 MHz Boston from Entercom Communications Corp. The asset exchange is expected to be accretive to Beasley Broadcast Group's financial results and enhance shareholder value, the company's CEO Caroline Beasley said Dec. 20.

* Live Nation Entertainment Inc. bought a stake in the Bank of New Hampshire Pavilion, an outdoor amphitheater, in Gilford, N.H., for an undisclosed sum. The summer concert venue has a seating capacity of 9,000, the company said Dec. 19.

* TEGNA Inc. agreed to buy Midwest Television Inc.'s broadcasting stations in San Diego for $325 million in an all-cash deal. TEGNA will get CBS (US) affiliate KFMB-TV, digital subchannel KFMB-D2 (CW), as well as radio broadcast stations KFMB-AM and KFMB-FM, according to a Dec. 18 news release. The deal is expected to close in the first quarter of 2018, subject to customary regulatory approvals and closing conditions.