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Intel buys AI chipmaker for $2B; Sony unit buys Silvergate Media

S&P Global Market Intelligence provides a wrap-up of U.S. companies' technology, media and telecommunications deal announcements, completions and updates from Dec. 10 to Dec. 16.

Top News

* Intel Corp. purchased Habana Labs Ltd., an Israel-based developer of programmable deep learning accelerators for data centers, in a $2 billion deal that Intel said will strengthen its artificial intelligence business.

Habana will continue to operate as an independent business unit based in Israel and led by its current management team.

Announcements

* Accenture PLC agreed to acquire Clarity Insights for an undisclosed amount, subject to customary closing conditions, including antitrust clearance. Chicago-based Clarity Insights provides data science and artificial intelligence/machine learning engineering capabilities for large enterprises.

* Private equity firm Apax Partners LLP agreed to acquire cybersecurity company Coalfire Systems Inc. from Carlyle Group LP and The Chertoff Group LLC. The deal, financial terms of which were not disclosed, is set to close in early 2020, subject to regulatory approval.

* Bloomberg Media agreed to acquire news website CityLab from The Atlantic for an undisclosed sum. The Bloomberg LP unit will also buy the CityLab event series, which has been co-hosted by Bloomberg Philanthropies in the past seven years. The transaction is expected to close by the end of 2019.

* Altice USA Inc. entered into an agreement to acquire CVC 3 B.V.'s interest in Neptune Holding US Ltd. Partnership in exchange for 6,290,292 shares of Altice class A common stock.

Completions

* Live Nation Entertainment Inc. purchased a majority stake in Santiago, Chile-based independent concert promoter DG Medios. The company did not disclose the financial details of the transaction. DG Medios, which sold more than 330,000 tickets in 2018, was founded by regional promoter Carlos Geniso, who will continue to oversee all operations of DG Medios.

* RealPage Inc., which provides software and data analytics to the real estate industry, purchased Investor Management Services LLC, or IMS, for an undisclosed amount. IMS provides an investor relationship management platform.

* Sony Pictures Television Inc. acquired Silvergate Media Holdings Ltd., which develops, produces and licenses children's animation, from Silvergate's management team and from private equity firm Shamrock Capital Advisors LLC. Under the deal, Sony Pictures Entertainment Inc., through a wholly owned subsidiary, acquired 100% of Silvergate Topco Ltd., whose assets include Silvergate's 49% interest in a joint venture with Dalian Wanda Group Co Ltd., which holds the rights to "Octonauts." Additionally, Sony Pictures Entertainment acquired a minority stake in Silvergate BP Bidco Ltd., which produces the "Peter Rabbit" television series and will continue to be majority-owned by Silvergate CEO Waheed Alli. The total purchase price was approximately $195 million. Sony Pictures Television is a unit of Sony Corp.

* Plexus Entertainment LLC sold media search engine GoWatchIt to video streaming aggregator JustWatch GmbH. The companies did not disclose financial terms of the cash-and-stock transaction.

* Apple Inc. acquired U.K.-based startup Spectral Edge Ltd., which develops technology to improve pictures taken on smartphones, Bloomberg News reported Dec. 12, citing regulatory filings. The financial details of the transaction were undisclosed.

Updates

* AT&T Inc. expects the sale of its stake in Central European Media Enterprises Ltd. and the divestment of its wireless business in Puerto Rico to be completed by the middle of next year, President and COO John Stankey told shareholders Dec. 10. The U.S. carrier is looking at selling its regional sports networks as well as additional real estate and tower assets in a bid to meet its target of monetizing up to $10 billion of nonstrategic assets by 2020.

* Cloud service provider Digerati Technologies Inc. said the U.S. Federal Communications Commission regulatory approval process for its previously announced agreement to acquire Nexogy Inc. is expected to continue into January 2020. Nexogy is a provider of cloud-based communication and broadband solutions for high-growth small and medium-sized businesses.