AT&T, Dish Network and communications services group WPP are jointly buying TV advertising technology company Invidi Technologies, they announced Monday. The companies said Invidi will operate independently under the collective ownership, with the three parents each appointing representatives to Invidi's board. They said AT&T will hold a controlling interest.
Symantec agreed to acquire identity protection company LifeLock in a $2.3 billion cybersecurity transaction, the companies said Sunday in a news release. Symantec expects to close the deal in Q1 next year after it gets U.S. antitrust and shareholder approvals.
Oracle said it’s buying internet traffic service Dyn, to extend its cloud computing platform. “Oracle cloud customers will have unique access to Internet performance information that will help them optimize infrastructure costs, maximize application and website-driven revenue, and manage risk,” said Dyn Chief Strategy Officer Kyle York in a Monday news release. A month ago Dyn’s DynDNS service experienced distributed denial-of-service attacks that resulted in outages or latency for many major websites, including Netflix and Twitter (see 1610210056). The attacks spurred interest on Capitol Hill in IoT cybersecurity (see 1610260067 and 1611160051).
Comcast's NBCUniversal is increasing its investment in BuzzFeed by another $200 million, NBCU said in a news release Monday. That follows a $200 million initial investment it made last year (see 1508180051). The money will extend the advertising sales relationship between the two, while BuzzFeed also will work with NBCU on production and social distribution, the programmer said. The investment also will let BuzzFeed expand its Tasty food media network and create cross-platform ad products and expand BuzzFeed News.
Adobe will pay roughly $540 million to acquire video advertising firm TubeMogul, it announced Thursday. Adobe said that with video consumption exploding and video advertising growing rapidly, TubeMogul with its own Marketing Cloud digital video platform will create "the first end-to-end independent advertising and data management solution that spans TV and digital formats." The buyer said the takeover is expected to close by the end of February. It said TubeMogul CEO Brett Wilson will continue to head up the TubeMogul team as part of Adobe’s Digital Marketing business.
AT&T buying Time Warner is likely the first in a series of transactions that combine spectrum, networks and scale in video, Dish Network CEO Charlie Ergen said Wednesday during the company's Q3 earnings call. "You can imagine all the interesting things that might take place once this current auction is over," Ergen said. "If someone puts all the pieces together, and AT&T is on the path to do that, people on the sidelines have to do something different," he said, adding that Dish lacks the network leg of the stool. Ergen also said that while over-the-top services have huge growth potential, they also carry some business challenges. "OTT in general has the potential to be as big or bigger" than direct broadcast satellite, he said. "It's the next way to watch TV." But the ease of switching providers could create challenges for content providers, he said. A ruling from U.S. Court of Appeals for the D.C. Circuit regarding the designated entity appeal of the FCC decision on AWS-3 bidding credits (see 1601130062) should come sometime in the first half of 2017, Ergen said. There likely will be handsets that use Band 66 -- which includes AWS-3 spectrum -- before there's a network using the spectrum, Dish executives said. They said Qualcomm is shipping Band 66 chipsets, and Intel is likely to follow, while LG's V20 phone also supports the Band 66 configuration. Dish said the expectation is more Android devices will adopt it in 2017, though timing is murkier for iOS. In a note to investors, Citigroup analyst Jason Bazinet said the company's cash flow statement suggests a broadcast spectrum auction deposit of about $1.5 billion, meaning Dish could end up buying up to 100 MHz of nationwide spectrum. He also said that incumbent telcos have stretched balanced sheets, leaving Dish "as the only way [to] buy significant spectrum for equity."
Verizon completed its $2.4 billion acquisition of Dublin-based Fleetmatics (see 1608010013), a fleet and mobile workforce management company serving small and medium-sized businesses. With North American headquarters in Waltham, Massachusetts, it's “now part of the Verizon Telematics business, which offers comprehensive wireless, software and hardware solutions to consumers, enterprises, automakers and dealers to power connected-vehicle products around the world,” the carrier said in Monday news release: The business has more than 42,000 customers, 826,000 subscribers and a team of 1,200.
Shares of Liberty Expedia Holdings are expected to begin trading on a "when-issued basis" on Nasdaq starting Friday, after stockholders at a special meeting Tuesday approved a spin-off from Liberty Interactive, said the company in a news release. Liberty Interactive, which owns QVC and has other video and digital commerce interests, said it expects Liberty Expedia's Series A and Series B common stock to begin trading "in the regular way" under symbols "LEXEA" and "LEXEB" beginning Monday.
Broadcom agreed to buy Brocade in a $5.9 billion takeover of the networking products maker that provides fiber-channel switches, routers and the like and helps automate networks. The acquirer will divest Brocade’s IP Networking business of wireless and campus networking, data center switching and routing, and software networking systems, it said in a Wednesday news release. "We are confident that we will find a great home for Brocade’s valuable IP networking business that will best position that business for its next phase of growth," said Broadcom CEO Hock Tan. Broadcom/Brocade is expected to be completed in the second half of the fiscal year that began Monday "subject to regulatory approvals in various jurisdictions" among other things, the buyer said; it's not conditioned on jettisoning IP Networking. Spokespeople didn't comment on our further queries.
Sony will sell its battery business to Murata for 17.5 billion yen ($166.8 million) in a deal that’s expected to close by April, Sony said in a Monday announcement. The deal doesn't include business operations related to consumer sales of Sony-branded USB batteries, alkaline batteries, button and coin batteries and mobile projectors marketed by Sony’s energy devices sector, Sony said.