Duke Energy assumes full ownership of California-based REC Solar

December 8, 2017 — Fusion DigiNet

Duke EnergyDuke Energy, one of the largest energy companies in the U.S., announced today it has acquired full ownership of California-based REC Solar, a provider of renewable energy solutions for commercial customers throughout the country. Details of the deal were not disclosed. Duke Energy first acquired a majority interest in REC Solar in February of 2015.

REC Solar is a nationwide provider of complete commercial, public sector and utility-scale solar solutions, founded in 1997. The company offers all design, engineering, financing and maintenance services in house, allowing for a simple customer experience.

“REC Solar complements our strengths in forming strategic partnerships with customers of all sizes,” said Chris Fallon, vice president Duke Energy Renewables and Commercial Portfolio. “Energy solutions specifically tailored to the commercial consumer will expand renewable energy opportunities for enterprise, municipal, educational and business customers, large and small.”

USA, Charlotte, NC, San Luis Obispo, CA

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Zeta Global acquires Disqus

December 5, 2017 — Fusion DigiNet

Zeta GlobalThe data-driven marketing technology innovator Zeta Global has acquired the audience engagement platform Disqus. The terms of the transaction were not disclosed.

Disqus powers an open and independent web of 4 million publishers including The Atlantic, Destructoid, Spoiler TV and TMZ. Since 2007, Disqus has focused on helping independent publishers build audiences through its audience development platform by giving publishers tools to interact with readers.

Combined with Zeta’s leading marketing platform, artificial intelligence and machine learning, the acquisition makes Zeta the only company able to offer personalised real-time marketing at scale on the open web.

David A. Steinberg, Zeta Global CEO, Chairman and Co-Founder, said, “We’re redefining the marketing technology space with actionable data, artificial intelligence that answers business problems and a marketing hub that serves as the nerve centre for data-driven marketers. Disqus extends and enhances this strategy. Marketers typically have to make tradeoffs between reaching engaged audiences on social platforms with massive reach and using tools that give them control and access to granular targeting capabilities. Disqus strengthens Zeta’s ability to offer the best of both worlds with the scale, visibility and performance marketers have been asking for.”

USA, New York, NY & San Francisco, CA

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Unity Technologies Acquires Game Hosting Division of Multiplay from GAME Digital, PLC

November 28, 2017 — Fusion DigiNet

Unity Technologies Inc.Unity Technologies creator of the world’s most popular creation engine that reaches nearly three billion devices worldwide, announced today that the company has entered into a definitive acquisition to acquire Multiplay Ltd and its game hosting business from GAME Digital plc for £19M GBP.

Multiplay is a leading specialist in online game server hosting. Multiplay’s hybrid cloud technology powers some of the world’s largest online games, automatically scaling to meet global player demand. Multiplay’s hybrid approach blends a global network of bare metal servers with the flexible burst capacity from the leading cloud providers and offers a 24/7 team of gaming specialists for round-the-clock monitoring and support to players.

GAME Digital plc comprises three divisions: Retail, Events and esports and Digital Solutions, and delivers for the gaming communities of the UK, Spain and elsewhere. The events business and its associated IP’s will remain with GAME.

John Riccitiello, CEO of Unity Technologies, said, “The team at Multiplay have created scalable multiplayer technology that gives all game creators, from indies to AAA studios, the ability to create performant experiences that can serve hundreds of thousands of players at once. We welcome the Multiplay team to the Unity family.”

USA, San Francisco, CA, England, Southampton

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PenskeMedia acquires FashInvest

November 27, 2017 — Fusion DigiNet

PensPenske Media CorporationkeMedia Corporation and its subsidiary Fairchild Media today announced the acquisition of FashInvest, the innovator in connecting the fashion-tech, fashion, retail, and branded consumer goods sectors with the finance and investment sectors. This acquisition follows Penske Media and its subsidiary Fairchild Media’s acquisition last month of Sourcing Journal, a media brand for global executives focused on the sourcing and manufacturing industries. The financial terms of the deal were not disclosed.

FashInvest, known for being “where fashion meets finance,” began as a series of educational industry events in 2009 and has rapidly evolved to now be a leading global media resource. FashInvest’s daily online news posts, reports, and exclusive interviews on the emerging fashion tech and fashion arenas have established it as a news authority for a growing number of fashion-tech and fashion entrepreneurs seeking the latest news on who has received funding, who is providing the funding, and what strategies are attracting financing.

“FashInvest has tapped into the vital intersection of finance and fashion—a business that has been built over the last decade on discovering and developing emerging fashion and retail brands and their access to capital markets.  Fairchild Media has consistently been the leader in coverage of well-established global fashion brands, and with the acquisition of FashInvest the opportunity to deepen our coverage of emerging companies, start-ups, and the financial institutions (VC’s, Private Equity, etc.) that are shaping the future fashion industry is dramatically enhanced,” said PMC Chairman and CEO Jay Penske.

USA, New York, NY, Wilmington, DE

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Meredith Corporation to acquire Time Inc.

November 26, 2017 — Fusion DigiNet

MeredithMeredith Corporation has announced that it has entered into a binding agreement to acquire all outstanding shares of Time Inc. for $18.50 per share in an all-cash transaction valued at $2.8 billion, expected to close during the first quarter of calendar 2018.

The deal will create a diversified media and marketing company with $4.8 billion in revenues, including $2.7 billion of advertising revenues. Additionally, Meredith anticipates generating cost synergies of $400 million to $500 million in the first full two years of operation.

Time Inc. is a multinational mass media corporation which owns and publishes over 100 magazine brands, including its namesake Time, Sports Illustrated, Travel + Leisure, Food & Wine, Fortune, People, InStyle, Life, Golf Magazine, Southern Living, Essence, Real Simple, and Entertainment Weekly. It also has subsidiaries which it co-operates with the UK magazine house Time Inc. UK, whose major titles include What’s on TV, NME, Country Life, and Wallpaper. Time Inc. also co-operates over 60 websites and digital-only titles.

“We are creating a premier media company serving nearly 200 million American consumers across industry-leading digital, television, print, video, mobile, and social platforms positioned for growth,” said Meredith Corporation Chairman and CEO Stephen M. Lacy. “We are adding the rich content-creation capabilities of some of the media industry’s strongest national brands to a powerful local television business that is generating record earnings, offering advertisers and marketers unparalleled reach to American adults.”

USA, New York, NY & Des Moines, IA

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UBM acquires THE Aesthetic Show from Medical Insight

November 17, 2017 — Fusion DigiNet

THE Aesthetic ShowUBM plc has acquired THE Aesthetic Show and its associated media properties from U.S.-based media and events company Medical Insight, Inc. The terms of the deal were not disclosed.

THE Aesthetic Show is an annual, multi-disciplinary medical exhibition and conference focused on the rapidly expanding field of aesthetic medicine. This event offers continuing medical education and training to physicians and medical professionals that specifically addresses the latest minimally invasive to non-invasive procedures and technologies.  In addition to THE Aesthetic Show, UBM has acquired THE Aesthetic Guide, which provides print and digital content to the aesthetic medical community, and The Aesthetic Academy, training events for healthcare providers.

“As an events-led business, it’s truly exciting to be able to add another event to our Life Sciences portfolio, and strategically tie the UBM Medica media properties to a fast-growing trade event.  The synergies between the two businesses will create great opportunities for growth.  What is particularly exciting about this acquisition is that THE Aesthetic Show increases UBM’s depth and breadth in the growing aesthetic market and will truly elevate our customers’ experience to a new level,” said Scott Schulman, CEO, UBM Americas.

UK, London & USA, New York, NY

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CBS Corporation acquires Network Ten in Australia

November 16, 2017 — Fusion DigiNet

CBSCBS Corporation has acquired Network Ten, one of three major commercial broadcast networks in Australia. The terms of the deal were not disclosed.

This transaction adds Network Ten to CBS Corporation’s global content and distribution portfolios. In addition to core linear channel TEN, the deal includes digital terrestrial television (DTT) channel ELEVEN, which CBS already had a stake in, as well as the DTT channel ONE and Network Ten’s rapidly growing digital platform, TENPLAY.

“The closing of this acquisition marks the beginning of an exciting opportunity to build and expand on our close working relationship and the great legacy of Network Ten in Australia, and to paving the way for further multiplatform distribution opportunities for CBS content,” said Leslie Moonves, Chairman and CEO, CBS Corporation. “I believe our ownership helps ensure that Network Ten’s business will grow long-term, while also benefiting the Australian Media sector as a whole. We look forward to welcoming Ten and its employees to the CBS family.”

USA, New York & The Netherlands, Amsterdam & Australia, Sydney

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A Fusion Deal: Green Power Global’s MIREC and AIREC Congresses sold to UBM

November 15, 2017 — Fusion DigiNet

UBMGreen Power Global has sold MIREC (Mexico International Renewable Energy Congress) and AIREC (Argentinian International Renewable Energy Congress to UBM plc. Fusion Corporate Partners acted as corporate advisor for Green Power Global. The Fusion team was led by Paul Slight, Director at Fusion. The terms of the deals were not disclosed.

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Paul Slight

Speaking about the sale, Fusion’s Paul Slight said, “Nadim (Chaudhry, Founder and President of Green Power Global) is passionate about renewable energy and has witnessed the ongoing transformation of LATAM through these two events over the last few years. We were delighted to find in UBM a like minded group with a developed strategy for renewables in LATAM and an established local presence in Mexico through Jaime Salazar Figueroa. Together Nadim and the UBM team will be best placed to advance these events in Mexico and Argentina and at the same time advance the progression of renewables in LATAM with all the socio and economic benefits that brings to the area.”

MIREC, Mexico’s largest clean energy event, runs annually and is now in its seventh year. Known for connecting international equipment and service solution providers with power generation developers, MIREC is considered the must attend event for wind and solar farm developers, corporate and industrial consumers of electricity, utilities, government and service providers.  The 2018 edition of MIREC will take place May 21-25 in Mexico City.

AIREC, Argentina’s leading annual clean energy congress and exhibition is now in its third year. At the forefront of Argentina’s renewable energy revolution, the event’s content covers the new regulatory environment in great detail and provides in-depth insight into legal and financing complexities.  The 2018 edition of AIREC will take place October 22-25 in Buenos Aires.

“What is particularly exciting about the acquisition of MIREC and AIREC is that, in addition to building UBM’s presence in Latin America including our first event in Argentina, it helps establish the company in a space with so much promise—renewable energy.  UBM is strengthening its commitment to the future of renewable energy and is focused on developing a global portfolio of events that serves and stimulates this exciting sector,” said Scott Schulman, CEO, UBM Americas.

Nadim Chaudhry, Founder and President of Green Power Global, commented, “This new partnership with UBM will allow the events to benefit from the strength of UBM’s existing global portfolio of clean energy events, like Renewable Energy Expo India and the Battery Show, and to grow their level international participation.”

USA, New York & UK, London

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WPP invests in digital content company Fatherly in the US

October 27, 2017 — Fusion DigiNet

wppWPP is taking a minority stake in IR Media Ventures Corp. (“Fatherly“), a digital media company producing content for millennial parents in the US.

Fatherly’s advertising and branded-content clients include Johnson & Johnson, Mattel, Inc. and the New York Life Insurance Company. Fatherly is based in New York and employs approximately 40 people. It was founded in 2015. Other investors in the Series A round include BDMI, the investment arm of Bertelsmann, Crosslink, Lerer Hippeau Ventures, SoftTechVC and the United Talent Agency.

Fatherly has worked with over 100 brands to date, developing and distributing native advertising, custom videos and custom branded content. It has created franchise series such as “940 Weekends,” which is a reference to the number of weekends parents have to spend with their children between birth and the age of 18, “My Father The…,” a series of interviews with the sons and daughters of famous men, and its upcoming “Father of the Year” awards.

WPP’s digital revenues were over US$7.5 billion in 2016, representing 39% of the Group’s total revenues of US$19.4 billion. WPP has set a target of 40-45% of revenue to be derived from digital in the next four to five years. Digital represented 41% of WPP’s revenues as of June 30, 2017. In North America, WPP companies (including associates) collectively generate revenues of US$7.5 billion and employ almost 29,000 people.

UK, London & USA, New York, NY

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ReedPOP acquires MCM Comic Con.

October 23, 2017 — Fusion DigiNet

reedpop MCMReedPOP, a Reed Exhibitions business that organises and manages events in the pop culture world, has acquired UK based MCM Comic Con. The terms of the deal were not disclosed.

In 2017 MCM Comic Con shows run in London, Birmingham, Manchester, Glasgow, Liverpool and Belfast. The company boasted nearly 300,000 pop culture fans and cosplayers attend the events throughout the year.

“For nearly a decade I’ve watched with great admiration as the MCM brand grew in size, scale and quality, as well as in the hearts and minds of UK fans. I could not be more proud and humbled to team up with the MCM team to bring two world-class pop culture event companies together,” said Lance Fensterman, Global Head of ReedPOP. “The addition of the MCM brand extends the reach and influence of the ReedPOP portfolio and further solidifies our place as the number one producer of fan events across the globe. We cannot wait to work with the MCM team to build even bigger and better events for fans in the UK.”

MCM Comic Con was co-founded by Bryan Cooney premiering the show in 2002 as the London Expo. In 2004, it rebranded as London MCM Expo – the ‘MCM’ standing for ‘Movies, Comics, Media’; and in 2005, it took the first steps that would change it from a collectors’ and autograph event into a comic con, with the addition of dedicated comics and anime areas plus film and TV content. More recent years saw MCM launch events across the UK.

USA, Norwalk, CT & UK, Northamptonshire

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