WIIT to acquire myLoc from ProSiebenSat.1 Media for $59m.

WIIT, an Italian cloud provider, agreed to acquire myLoc, a hosting solutions provider, from ProSiebenSat.1 Media, a German mass media company, for $59m. “Over the last few years, the business of MyLoc has developed extremely well. However, with our clear focus on our core entertainment business, we are no longer the best owner for a hosting and infrastructure provider. We have found the ideal buyer for the company with WIIT – who wants to further expand and internationalize the business of MyLoc,” Friedrich Thoma, ProSiebenSat Executive Vice President Group Strategy & Corporate Development.