Broadcast services provider Technicolor has sold its stake in DRM specialist ContentGuard.
Technicolor has agreed to sell its 25.7% stake in ContentGuard to Pendrell Technologies, who is acquiring 90.1% of the company for US$90.1 million (€66 million).
Technicolor acquired its stake in ContentGuard in 2005 and claims it will net US$11.5 million from the sale. “This transaction is in line with the Group’s strategy to focus on the monetisation of its IP assets,” the company said in a statement.
The deal is subject to regulatory approval and is expected to close by the end of the year.
ICYMI: Former Premier League boss Scudamore joins Monterosa digitaltveurope.com/2021/05/10/for… https://t.co/qXJUqdD8iC
10 May 2021 @ 19:30:00 UTC
ICYMI: IPL will not conclude in India, BCCI president confirms digitaltveurope.com/2021/05/10/ipl… https://t.co/f7OGUO1d1q
10 May 2021 @ 18:30:00 UTC
HbbTV launches new test suite digitaltveurope.com/2021/05/10/hbb… https://t.co/9GMAu66hFf
10 May 2021 @ 18:00:01 UTC
Sky Media and The Trade Desk announce programmatic partnership digitaltveurope.com/2021/05/10/sky… https://t.co/oJblCgmlDf
10 May 2021 @ 17:00:02 UTC