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Enhanced Scrutiny a Virtual Certainty: Canadian Government to Closely Scrutinize Foreign Investments in Interactive Digital Media

JD Supra: Mergers

Canadian businesses involved in the interactive digital media sector, including video games and augmented reality, should be aware of the implications of the Investment Canada Act and the Canadian government’s recent policy statements on their efforts to attract investment from foreign investors.

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BuzzFeed in Advanced Talks to Sell Complex, Backtracking on Digital Media Bet

The New York Times: Mergers, Acquisitions and Dive

BuzzFeed is negotiating a sale of much of Complex Networks for under $140 million, less than half of what it paid to acquire it two years ago.

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Barry Diller Explores Bid to Take Control of Paramount

The New York Times: Mergers, Acquisitions and Dive

Diller, a digital media pioneer, lost a bidding war for Paramount Pictures decades ago. Now, he’s making a run at its parent company.

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Gizmodo Is Sold to Keleops Media

The New York Times: Mergers, Acquisitions and Dive

The tech website’s publisher, G/O Media, sold Gizmodo to the digital media and tech company Keleops.

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Guardian Journalists Strike Over Planned Sale of The Observer

The New York Times: Mergers, Acquisitions and Dive

Workers have begun a 48-hour walkout, the first in 50 years for the outlet, over a proposal to sell The Observer to Tortoise Media, a digital media start-up.

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BuzzFeed Sells Complex, a Pop Culture Start-Up, for $108.6 Million

The New York Times: Mergers, Acquisitions and Dive

The digital-media company, which has plunged in value, is selling the unit to Ntwrk at a significant discount from its 2021 purchase price.

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Conor Miller Joins FOCUS Investment Banking as Managing Director

Focus Investment Banking

With over 20 years of executive leadership, M&A expertise, and business strategy experience, Conor strengthens FOCUS’s capabilities across multiple industry sectors, including Power Systems & Renewables, Outdoor Products & eCommerce, Advanced Manufacturing, and Telecommunications & Digital Media.