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The New York Times: Mergers, Acquisitions and Dive
DECEMBER 4, 2024
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 digitalmedia start-up.
Digital publisher and owner of Vice News and Vice TV was once valued at $6bn but has agreed sale for $225m Vice, the once high-flying media startup that reached a peak valuation of nearly $6bn (£5bn), has filed for bankruptcy protection in the US as the digital publisher engineers a cut-price sale to a group of lenders.
STG’s four software transactions in the past year have included acquisitions of Alveo, a cloud-based data management service, Wrike, a collaborative work management platform developer, and digitalmedia platform provider Avid Technology. The firm employs 43 professionals.
The fund specialises in IT and online services sectors, with particular focus in the following areas: digitalmedia, social media, e-commerce, cloud computing, infrastructure software, enterprise software, gaming and mobile applications InReach Ventures The first software powered VC firm focused on European early-stage start-ups.
The team has also professionalized the sites they acquire by using better SEO tactics, better content strategies, and optimizing the sales processes. AI is already making its mark in the digitalmedia space. They also leverage the organic traffic and growth of these assets to increase their value.
Background Limelight provides network service for delivery of digitalmedia content and software. This would not have restricted College Parent from sales on the open market after the lockup expired, through which any activist could have acquired shares, directly or indirectly.
Sales & Marketing Software While these tools are important for driving growth, they are often seen as less mission-critical than core operational systems like ERP or security software. Adobe remains a leader in digitalmedia and marketing, with products deeply integrated into creative and business workflows.
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