Downtown Music Publishing’s AVL Digital Group has acquired FUGA, an Amsterdam-based digital-music distributor and service provider. The purchase, which was announced publicly this morning (January 22nd), is the latest in a series of aggressive, g…
Category archives: Mergers and Acquisitions
Spotify Preparing To Acquire Podcasting Network the Ringer — Report
In the wake of analysts from both Evercore and Bernstein giving Spotify an underperform rating, the Wall Street Journal is reporting that the company is in early talks to acquire a podcasting network called the Ringer. With many in the industry project…
Is Anghami for Sale? $400 Million Price Tag Rumored
According to a report from Bloomberg, Anghami is considering selling the company to a pay television network in Dubai called Orbit Showtime Network (OSN). Inside sources have told Bloomberg that the Middle East music streaming service — whose nam…
Vivendi-Owned See Tickets Acquires Swiss Indie Ticket Platform StarTicket
Ticketing company See Tickets, which is owned by Vivendi, has acquired a Swiss ticketing company called StarTicket from the TX Group. StarTicket, which began operations in 2003, reportedly sells about 5 million tickets every year in Switzerland while s…
Nettwerk Music Is Buying Itself Back — Plans Repurchase from HBC
Nettwerk Music Group has announced that it plans to recapitalize its business by repurchasing ownership of the company from HBC Investments. The company said that the repurchase was part of what it termed “a broader financing plan that recognizes…
Concord Secures a Major Stake in Pulse Music Group
Concord Music Publishing has acquired an interest in the Pulse Music Group, resulting in the formation of a joint venture between the two companies. Under the deal, Pulse will continue operating under its own name while receiving funding from Concord. …
Endeavor Acquires Majority Stake in On-Location Experiences in $660 Million Deal
Leading Hollywood talent agency Endeavor has acquired a hospitality company called On Location Experiences, which was once owned by the National Football League (NFL). The NFL still holds a minority stake in the company, which was purchased in 2015 by …
Tencent Officially Concludes 10% Purchase of Universal Music Group
Tencent announced that it and a consortium of investors had concluded its long awaited 10% purchase of Universal Music Group (UMG) from Vivendi for 3 billion euros ($3.36 billion). The acquisition is still subject to regulatory approval and other condi…
Hasbro Officially Closes $3.8 Billion Entertainment One Acquisition
Just a month after British regulators announced that they were investigating the nearly $4-billion acquisition of Entertainment One by Hasbro, the deal has officially been completed. The Competition and Markets Authority (CMA) had been worried that the…
Russell Simmons’ Shuttered All Def Digital Finds Buyer
Culture Genesis has acquired All Def Digital, which was a hip-hop, comedy and culture media company that Russell Simmons founded and which was shuttered earlier this year. While All Def Digital ceased operating during the summer and laid off all of its…