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Announced

Completed

Etisalat Group and ADQ completed the acquisition of a 57% stake in Starzplay Arabia.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For57%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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streaming service

Single Bidder

Majority

Acquisition

Friendly

Saudi Arabia

Entertainment

Cross Border

Private Equity

Private

Completed

Synopsis

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Etisalat, a telecommunication corporation, and ADQ, a holding company, completed the acquisition of a 57% stake in Starzplay Arabia, a provider of media streaming services. Financial terms were not disclosed. “Starzplay Arabia is a leading video-streaming platform in MENA. This acquisition is a major milestone for E-Vision and will be a catalyst for the newly formed e& life consumer digital vertical in e&. This investment further strengthens our service offering and significantly enhances Starzplay Arabia’s positioning across the entire MENA region," Khalifa Al-Shamsi, Etisalat CEO.

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