iMedia completed the acquisition of 123tv from ARCUS Capital, IRIS Capital and BE Beteiligungen for $145m.

iMedia, an interactive media company, completed the acquisition of 123tv, an auction-driven TV retailer, from private equity firms ARCUS Capital, IRIS Capital and BE Beteiligungen for $145m. “We believe gamification of consumers’ emotion-based shopping experience is the ultimate disruption to the status quo. 123tv’s entrepreneurial team with their proprietary technologies are experts in this shopping disruption and iMedia is humbled by the trust of 123tv’s primary shareholder, Stefan Eishold of ARCUS Capital AG, that enables iMedia to help 123tv accelerate its growth plan, which we believe can include disrupting digital shopping marketplaces here in the United States,” Tim Peterman, iMedia CEO.