By Gary Symons TLL Editor in Chief Huge news for the children's animation studio Moonbug Entertainment, as the company has been acquired by a media venture run by former Disney execs Kevin Mayer and Tom Staggs. The valuation of the deal was not revealed by the media group, but people familiar with the negotiations have said it was worth between $2.75 billion to $3 billion when … [Read more...] about Mergers and Acquisitions: Moonbug Acquired By Unnamed Media Company
Mergers & Acquisitions
Not So Fast: DOJ Sues To Block Acquisition of Simon & Schuster
By Gary Symons TLL Editor in Chief The US Dept. of Justice has filed suit to block the $2.2 billion acquisition of publishing giant Simon & Schuster by Bertelsmann, the parent company of its larger rival Penguin Random House. DOJ lawyers allege the takeover of the ViacomCBS subsidiary “would result in substantial harm to authors,” reducing competition, and creating a single … [Read more...] about Not So Fast: DOJ Sues To Block Acquisition of Simon & Schuster
Genius Brands Announces “Transformational Acquisition” of WOW! Unlimited Media
Genius Brands International says it has completed the acquisition of WOW Unlimited Media in a deal the company says will create "a global animation and digital media powerhouse." The two companies announced Oct. 27 that they have entered into a definitive agreement whereby Genius Brands will acquire WOW! for approximately US$53 million in cash and stock. WOW! Unlimited Media … [Read more...] about Genius Brands Announces “Transformational Acquisition” of WOW! Unlimited Media
Netflix Acquires Video Game Developer
The streaming giant Netflix is fueling its push into the video game sector with the acquisition of critically acclaimed developer Night School Studio. The move is part of a much wider strategy by Netflix to diversify its revenues, particularly as the company faces increased competition from several well-funded companies in the streaming space, including Disney, Amazon, Apple, … [Read more...] about Netflix Acquires Video Game Developer
Trevco Acquires Women’s Apparel Brand Suburban Riot
Trevco has announced its acquisition of premium women’s fashion brand, Suburban Riot, known for its addictive core silhouettes infused with relevant, on-trend, designs and statements. Trevco says that, since its inception, Suburban Riot has made waves with celebrities, influencers, and fans online and at specialty retail. Trevco’s vision to enhance its women’s fashion … [Read more...] about Trevco Acquires Women’s Apparel Brand Suburban Riot
ABG Acquires Reebok From Adidas
Authentic Brands Group continues its aggressive acquisition strategy, announcing an agreement to buy the shoe brand Reebok from adidas. Adidas said Thursday it signed a deal to sell the sneaker and sportswear brand to Authentic Brands Group for up to 2.1 billion euros, or roughly $2.5 billion. Reebok had been struggling in recent years, and this acquisition will make it … [Read more...] about ABG Acquires Reebok From Adidas
Sony’s Funimation Acquires Crunchyroll from AT&T
Sony Pictures Entertainment took a major step to become the leader in the world of anime, completing its planned acquisition of Crunchyroll. Sony acquired Crunchyroll from AT&T through its Funimation Global Group, which is already one of the world's largest anime entertainment companies, for over $1 billion. Funimation is a joint venture between SPE and Sony Music … [Read more...] about Sony’s Funimation Acquires Crunchyroll from AT&T
Levi Strauss Acquiring Beyond Yoga
The Levi Strauss Company, better known for cowboy-worthy blue jeans, is making a play in the activewear market, as it agreed to buy Beyond Yoga for an undisclosed sum. CNBC reports that, in a deal expected to close by the end of the year, Levi estimates the acquisition will add more than $100 million to its net revenue next fiscal year, and will immediately bolster its … [Read more...] about Levi Strauss Acquiring Beyond Yoga
Authentic Brands Group Files For $10 Billion IPO
Authentic Brands Group has filed for an Initial Public Offering (IPO) that values the global licensing giant at $10 billion. ABG owns several fashion and sports brands around the world, and has now filed papers stating its intention to sell $100 million worth of stock at a valuation of roughly $10 billion. However, the number of shares to be offered is likely just a benchmark, … [Read more...] about Authentic Brands Group Files For $10 Billion IPO
MDR Launches Global eSports, Interactive Entertainment Division
MDR Brand Management this week launched a global esports and interactive entertainment division called NIVO Management. NIVO operates as a standalone business, but the new division will benefit from the international footprint of MDR Brand Management, the company says. MDR now operates in 25 locations around the world. The company says NIVO Management is currently working on … [Read more...] about MDR Launches Global eSports, Interactive Entertainment Division