Announced
Financials
Tags
United States
broadcast media production
Private
Friendly
Radio and TV Broadcasters
Acquisition
Domestic
Majority
Pending
Single Bidder
Synopsis
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.
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