Announced
Completed
Financials
Tags
media agency
Single Bidder
Acquisition
Domestic
United States
Majority
Media Agencies
Completed
Friendly
Private
entertainment content
Synopsis
North Road, a media company, completed the acquisition of the US operations of Red Arrow Studios, a creator and distributor of entertainment content, from ProSiebenSat.1, a media company, for $310m. “Our US production companies have created successful and popular TV brands in the US market, but do not strengthen our strategy in the German-speaking region in the long term. For North Road, they will make a significant contribution. We wish them all the best for this and thank them very much for our time together," Rainer Beaujean, ProSiebenSat.1 CEO.
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