Ericsson To Acquire Media Services Company Red Bee Media
Ericsson announced its intention to acquire Red Bee Media, a media services company headquartered in the UK, from an entity controlled by Macquarie Advanced Investment Partners, L.P. The acquisition, which is subject to regulatory approval, supports Ericsson's strategy to grow in the broadcast services market and takes advantage of its technology and services leadership to help broadcasters and content owners address the convergence of video and mobility. The closing of the acquisition is subject to approval from relevant regulatory authorities and other contractual conditions. After completion, Red Bee Media will be incorporated into Ericsson's Business Unit Global Services. Further terms of the transaction were not disclosed.
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