The Arena Group to acquire Bridge Media Networks from Simplify Inventions and Manoj Bhargava for $135m.

The Arena Group, a technology platform and media company, agreed to acquire Bridge Media Networks, a media group with two national television networks, from Simplify Inventions and Manoj Bhargava for $135m. “This strategic combination dramatically accelerates our planned expansion across the video ecosystem. Our immediate opportunity to create, distribute and monetize premium video content across all linear, digital and connected ecosystems provides a lucrative opportunity for The Arena Group. The production capabilities and opportunities with advertisers will further diversify our offerings,” Ross Levinsohn, The Arena Group Chairman and CEO.