 |
Sloane & Co. is handling the Chapter 11 filing of ad tech firm Videology and the conditional sale of the company to Amobee, which is part of Singapore telecom Singtel.
With a $45M offer, Amobee serves as the “stalking horse” or lead bidder in the contest for Videology, provider of software for the convergence of TV and video.
Scott Ferber, CEO of New York-based Videology, said the company is looking for the financial stability and strategic position to drive growth.
He noted the industry is only in the early stages of the TV and video advertising transformation that we were built to power, and it will take resources, capital and time to help transform a market as large as TV.
Comcast, Pinnacle Ventures, WPP’s GroupM and Valhalla Partners and NEA among investors in the privately held Videology, which has offices in Baltimore, Austin, Toronto, Paris, Madrid, Singapore, Syndey and Tokyo.
Sloane & Co, which is part of MDC Partners, has Dan Zacchei and Kate Traynor working the Videology deal.
QVC Group is using Joele Frank for strategic communications as the TV home shopping pioneer declares Chapter 11.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
