In Munich on Friday 26 February SES Platform Services GmbH (SES PS) announced an agreement whereby RR Media, a leading provider of global digital media services to the broadcast and media industries, will merge its operations with those of SES PS, to create a world-leading global media solutions provider.
SES will pay USD 13.291 per share in order to acquire a 100% interest in RR Media. The consideration corresponds to an Enterprise Value of USD 242 million, a sum funded from the group’s existing financial resources. The acquisition is subject to regulatory approvals, which are expected to be completed in the second or third quarter (between June and September) 2016.
RR Media provides scalable, converged digital media services to more than 1,000 media companies globally. It provides coverage for over 95% of the world’s population, manages and delivers: over 24,000 hours of broadcast content, over 4,000 hours of online video and VOD content and over 350 hours of premium sports and live events (including major global sporting events such as the Super Bowl and the FIFA World Cup). In addition to this the company reaches viewers of multi-platform TV operators and populating content to over 100 Video-on-Demand (VoD) platforms, as well as delivering content to online video and Direct-to-Home (DTH) services.
RR Media’s services cover four main areas: global content distribution network with an optimised combination of satellite, fibre and the Internet; content management and playout services; management and delivery of premium sports, news and live events around the world; and other advanced online video services. This state-of-the-art offering supports the diverse service requirements of some of the world’s leading media companies, broadcasters and content rights owners holders including the BBC, Disney, Fox, IMG, ITV, MP Silva, NFL, and Viacom. RR Media operates from four principal media centres (in Bucharest, London, Pennsylvania and Tel Aviv).
“RR Media has successfully developed the capability to manage and deliver premium content effectively, helping its customers to reach a global audience over multiple satellite, cable TV, IPTV, online and mobile platforms. SES, as the largest global platform for video in terms of reach and channels, adds global scale and considerable insights from the successful development of SES PS in Europe” said Wilfried Urner, Chief Executive Officer of SES Platform Services.
Picture provided by SES.
