IBC365 looks back at some of the notable mergers and acquisitions of the past month within the media and technology industry.
EVS Broadcast buys Axon
EVS Broadcast Equipment has acquired broadcast network infrastructure specialist Axon in a move to bolster its live production solution portfolio.
The deal, valued at €10.5 million, will help to “strategically expands its global footprint, enabling customers to benefit from the most comprehensive and integrated range of media infrastructure solutions for live productions”.
According to EVS, integrating Axon’s product portfolio will allow EVS to offer customers the most extensive live production infrastructure on the market.
Facebook invests $5.7 billion in Reliance Industries
Facebook has invested $5.7 billion in Jio Platforms, the technology subsidiary of Reliance Industries.
The investment, worth a 10% stake, is a key step into in the Indian market for Facebook, where over 400 million people currently use Facebook-owned WhatsApp.
Reliance Industries and Facebook deal also includes an agreement that will connect small businesses in the JioMart e-commerce platform with WhatsApp, enabling them to interact with their customers and to accept digital payments. This service has started to roll out, although it’s limited to test use.
fuboTV and FaceBank complete merger
Sports streamer fuboTV has merged with FaceBank Group, completing the agreement announced in March.
FuboTV becomes a wholly-owned subsidiary of FaceBank Group, an IP technology developer. Together, the company will trade as fuboTV Inc. Details of the sale price and any financials were not revealed.
- Read more: Fubo TV merges with FaceBank Group
Sky Studios buys stake in The Lighthouse
Sky Studios has bought a minority stake in UK independent production company The Lighthouse.
The Lighthouse, founded by three acclaimed television professionals, Hilary Salmon, Radford Neville and Nick Betts, who were all former directors at BBC Studios.
Sky Studios announced the investment will support its goal to become the leading content production company in Europe and enhance its scripted drama output.
Ross Video acquires Coiron Inc.
Ross Video has bought US-based technology company Coiron Inc. in a move to develop its motion graphics division.
Coiron will help to build a suite of popular applications for use with the XPression family of real-time motion graphics systems used for sports analysis, virtual studio production and more.
Coiron chief executive Carlos Vasquez joins Ross Video’s graphics division as technical product manager. Ross Video chief executive David Ross expressed he has always been impressed Carlos’ brilliance and commented that Coiron is a ‘perfect fit for Ross’.