Nexstar Media Group To Acquire Mobile Video Platform LKQD In $90M Cash Transaction

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Nexstar Media Group revealed on Thursday its intent to acquire mobile video platform LKQD for $90 million. The all-cash transaction is accretive and subject to certain terms, including LKQD maintaining a $10 million minimum cash balance. LKQD’s payment is also contingent upon its performance under Nexstar for the next two years. The deal is expectedContinue reading »

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PE And Private Investment Firm Team Up To Buy Mobile Video Ad Platform Beachfront Media

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Growth Catalyst Partners (GCP), a mid-market private equity a private investment firm, and PSP Capital, backed by former US Secretary of Commerce Penny Pritzker, have acquired a majority stake in mobile video ad platform Beachfront Media. The companies declined to disclose the deal terms. As a result of the transaction, Beachfront co-founder and CEO FrankContinue reading »

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Connatix Raises $15M Series A To Help Publishers Navigate The New Video Ecosystem

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Video platform Connatix raised $15 million in growth equity from Volition Capital on Tuesday. The company had previously raised an undisclosed seed round, and it claims it is profitable. Connatix will use the funding for product development, to beef up sales and marketing and to fuel US expansion. After it penetrates the US market, ConnatixContinue reading »

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VideoAmp Raises $21.4M Series B From Mediaocean To Unify TV and Video Planning

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Cross-screen startup VideoAmp said Thursday it has raised a $21.4 million Series B growth round led by Mediaocean, with support from existing investors, including the German broadcast giant RTL Group. Mediaocean CEO Bill Wise will join VideoAmp’s board of directors. VideoAmp has raised $36.6 million in total and will use the growth financing to hireContinue reading »

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Sizmek Buys Rocket Fuel For $145M

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Sizmek said Tuesday it intends to buy ad tech company Rocket Fuel for $2.60 per share in cash, valuing Rocket Fuel at $145 million. That’s a long way from where Rocket Fuel was valued when it IPOed in 2013 – going public at $29 per share at a roughly $1 billion value. Read the release.Continue reading »

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Video Ad Platform NovoRoll Raises $2.5M In Growth Capital To Go Global

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San Francisco-based startup NovoRoll is doubling down on mobile and outstream video with a $2.5 million injection of growth capital from Silicon Valley Bank. The company, which helps publishers monetize outstream and native video, had previously raised a $700,000 seed round. It will use its new financing to grow its engineering resources and global footprintContinue reading »

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M&A 2016: Buyers Cross Boundaries As Ad Tech Grows Up (A Little)

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Despite predictions that winter is coming to ad tech, deal activity for the ad tech, mar tech and digital media sectors was tentatively healthy in 2016, according to reports released this week by investment banks LUMA Partners, JEGI and Petsky Prunier. Deal activity rose to the $100-to-$200 billion range. JEGI reported deal activity at roughlyContinue reading »

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M&A 2016: The Year Ad Tech Cautiously Rose Again

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Ad tech mergers and acquisitions (M&A) has been a roller coaster in recent years, and 2016 certainly didn’t let up. In 2015, public and private marketplace sentiment cooled, but 2016 saw a resurgence – albeit a much more cautious one than in years past. “Good businesses in ad tech will find owners,” said Tolman Geffs,Continue reading »

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Why Do Public Companies Jump To Private Equity Firms?

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Tolman Geffs of global investment bank Jordan, Edmiston Group, along with Bill Wise, the CEO of Mediaocean, will speak about the “private equity path” at Industry Preview on Jan. 19 in New York City. What really happens during – and after – a private equity (PE) investment? While the experiences of different companies vary, one thingContinue reading »

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Fox Bids To Acquire Sky For $14.1B

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Twenty-First Century Fox revealed on Friday a preliminary bid to buy out the rest of British pay TV provider and telco Sky for $13.51 per share for a total of about $14.1 billion. Fox already owns a 39.1% stake in the company. In 2010, Rupert Murdoch’s News Corp. attempted to take over Sky (called BritishContinue reading »

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