Home News French Broadcasting Company To Acquire OTT Software Provider

French Broadcasting Company To Acquire OTT Software Provider

By Binged Binged Bureau - August 1, 2020 @ 3:26 pm

French Broadcasting Company To Acquire OTT Software ProviderATEME, a French broadcasting giant has enter into extensive talks with OTT and IPTV software provider Anevia with regarding to the acquisition of their majority shares.

With unanimous support from both companies’ shareholders, ATEME is negotiating with Anevia’s main shareholders, who hold 87 percent of the shares and 90 percent of voting rights. Anevia’s and ATEME’s employee representative bodies is expected to launch an “Information-Consultation” procedure as part of the procedure before the take over.

Anevia is a company that provides encoding of video, live streaming, cloud storage and Content Delivery Network Solutions. Anevia vends professional level video servers and provides the integration of high quality video streaming and it’s development. ATEME works on the video delivery side and is strives on achieving excellence on both the software for video delivery and distribution as well. Their solutions have been used by companies around the globe such as Eurovision, Taiwan Broadcasting System, DirecTV and even India’s Digicable among others. Their partners include Apple and Sony.

With this combination, the two companies will be creating a new video broadcasting mogul with a combined total revenue of over 94 million dollars. This merger is a key step in the expansion strategy to conquer new markets and improve the value (by providing more services) of ATEME to their customers and in turn their value to their customers, says Michel Artieres, chairman and CEO of ATEME.

The payments are said to be finalized by the end of the third quarter in 2020 and the official offer should be made by the end of the 4th quarter of this year.

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