Announced
Completed
Financials
Tags
media production
Entertainment
Private
United Kingdom
Friendly
Completed
entertainment provider
Acquisition
Single Bidder
Majority
Private Equity
Synopsis
Sony Pictures Entertainment, an American entertainment company, completed the acquisition of Silvergate Media, a developer of children’s brands for broadcasters, streaming platforms and retail partners, for $193m. Sony acquired the company from its management team and from the L.A.-based investment firm Shamrock Capital. In a statement, Sony said the deal “underlines SPT’s strategy of diversifying its studio business and growing key genres” by expanding its presence in the lucrative children’s programming space. Specifically, the deal marks a significant expansion into the children’s animation genre.
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