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Top Global M&A Deals 2023: Media and Entertainment Industry

November 20, 2023

Welcome to the Institute for Mergers, Acquisitions, and Alliances’ overview of the Top Global M&A Deals 2023: Media and Entertainment Industry. This is your essential guide to the most recent media M&A deals that are shaping this dynamic industry. From well-known movie studios to new streaming services, our monthly report captures the multifaceted landscape of M&A deals that are redefining the media and entertainment industry.

In an age where technology and storytelling are seamlessly intertwining, the media and entertainment industry is undergoing groundbreaking changes that extend well beyond its conventional roles. Traditional broadcasters are now acquiring streaming platforms and innovative startups are breaking into mainstream entertainment. Mergers and acquisitions are playing a key role in these changes in media and entertainment, helping companies form important partnerships.

The media and entertainment industry spans a wide array of sectors, including film, television, music, gaming, and emerging digital platforms like streaming and virtual reality. Whether it’s on-demand streaming services altering the way we consume TV shows and movies, or social media platforms providing real-time audience feedback, technology is not just an enabler but a disruptor, continually challenging the industry to adapt and innovate.

As you explore our 2023 report on M&A deals in media and entertainment, you’ll discover a monthly breakdown of the top M&A deals, offering insights into how the industry is adapting to the complex interplay of consumer preferences, technological advances, and market dynamics.

Whether you’re a seasoned industry professional, an investor, or simply interested in understanding the tech world, our platform offers you a front-row seat to the ongoing evolution of the M&A deals in the media and entertainment industry.

July

Deal 1: Kahoot! ASA (Norway) was acquired by Goldman Sachs Asset Management, L.P. (United States); Kirkbi Invest A/S; Glitrafjord AS (Norway); General Atlantic Ft B.V. for $1.73 billion USD.
Deal 2: Route Mobile Limited (India) was acquired by Proximus Opal Sa (Belgium) for $0.72 billion USD.
Deal 3: Fenix 360 Pte. Ltd. (Singapore) was acquired by DUET Acquisition Corp (United States) for $0.6 billion USD.
Deal 4: Premier Lotteries Ireland Limited (Ireland) was acquired by La Française des Jeux Société anonyme (France) for $0.39 billion USD.
Deal 5: Reliance Communications, Inc. (United States) was acquired by PowerSchool Holdings, Inc. (United States) for $0.30 billion USD.

August

Deal 1: EchoStar Corporation (United States) was acquired by DISH Network Corporation (United States) for $4.00 billion USD.
Deal 2: Mountain & Co. I Acquisition Corp. (Cayman Islands) was acquired by Barça Produccions SL (Spain) for $1.10 billion USD.
Deal 3: Film and TV business of Entertainment One Ltd. (Canada) was acquired by Lions Gate Entertainment, Inc. (United States); Lions Gate International Motion Pictures S.à.r.l. (Luxembourg) for $0.50 billion USD.
Deal 4: Belift Lab Inc. (South Korea) was acquired by HYBE Co., Ltd. (South Korea) for $0.11 billion USD.
Deal 5: Select Assets of Hopin (United Kingdom) was acquired by RingCentral, Inc. (United States) for $0.05 billion USD.

September

Deal 1: Spectrum in the 600 MHz of Comcast OTR1, LLC (United States) was acquired by T-Mobile License LLC; T-Mobile USA, Inc. (United States) for $3.30 billion USD.
Deal 2: QuintEvents, LLC (United States) was acquired by Formula One Group of Liberty Media Corporation (United States) for $0.31 billion USD.
Deal 3: Max Bet d.o.o. Novi Sad (Serbia) was acquired by Flutter Entertainment plc (Ireland) for $0.15 billion USD.
Deal 4: G.S Innplay Labs Ltd. (Israel) was acquired by Playtika Ltd. (South Korea) for $0.08 up to $0.30 billion USD.
Deal 5: Pocket Aces Pvt. Ltd. (India) was acquired by Saregama (India) for $0.02 billion USD.

October

Deal 1: Ad Efficiency Co., Ltd (South Korea) was acquired by Wise birds Inc. (South Korea) for $54.71 million USD.
Deal 2: Hawk SAS (France) was acquired by Azerion Group N.V. (Netherlands) for $7.38 million USD.
Deal 3: ITTIFY Sdn Bhd (Malaysia) was acquired by FiMedia Asia Sdn Bhd (Malaysia) for $0.73 million USD.
Deal 4: Azarus, Inc. (United States) was acquired by Animoca Brands Corporation Limited (Australia) for an undisclosed amount.
Deal 5: Globalia Inc. (Canada) was acquired by SmartBug Operating LLC (United States) for an undisclosed amount.

November

Deal 1: Adevinta ASA (Norway) was acquired by General Atlantic Service Company L.P. (United States), Permira Advisers Ltd. (United Kingdom), and The Blackstone Group International Partners LLP (United Kingdom) for $13.10 billion USD.
Deal 2: Hulu, LLC (United States) was acquired by The Walt Disney Company (United States) for $8.60 billion USD.
Deal 3: DALLAS BASKETBALL LIMITED (United States) was acquired by Adelson Family and Patrick Dumont (United States) for $3.50 billion USD.
Deal 4: VEGAS.com, LLC (United States) was acquired by Vivid Seats Inc. (United States) for $0.24 billion USD.
Deal 5: Playmaker Capital Inc. (Canada) was acquired by Better Collective (Denmark) for $0.19 billion USD.

December

Deal 1: Screaming Eagle Acquisition Corp. (Cayman Islands) was acquired by Studio Business of Lions Gate Entertainment Corp. (United States) for $4.60 billion USD.
Deal 2: TV18 Broadcast Limited (India) was acquired by Network18 Media & Investments Limited (India) for $0.52 billion USD.
Deal 3: Fifth Season LLC (United States) was acquired by TOHO Co. (United States) for $0.22 billion USD.
Deal 4: Hivestack Inc. (Canada) was acquired by Perion Network Ltd. (Israel) for $0.13 billion USD.
Deal 5: Dasheng Times Cultural Investment Co. (China) was acquired by Tangshan Culture & Tourism Investment Group Co., Ltd. (China) for $0.10 billion USD.