Carlyle to acquire live broadcasting and streaming tech outfit LiveU for over $400M, say sources
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Summary
One of our sources noted that this consolidation helped set the course both for LiveU to get acquired itself, and for its valuation.It’s not clear whether there were other bidders interested in the company at the same time as Carlyle but the PE firm has been a pretty active buyer and growth-stage investor in the last year, which has been a heady one for funding in the wake of the Covid-19 pandemic and the resulting shifts in consumer and business behavior.Other acquisitions in Europe (specifically the UK) have included 1e, a hybrid working startup based out of the UK, in deal that valued 1e at $270 million; and gaming company Jagex for around $530 million.
As said here by Ingrid Lunden