Google Acquires Anvato for Media Content Platform

Google has acquired Anvato, a start-up based in Mountain View, California that provides video processing software for TV operators, programmers, and broadcasters. Financial terms were not disclosed. Anvato said its software will now be offered on the Google Cloud Platform. Anvato lists NBCUniversal, Univision, Scripps Networks, Fox Sports, and Media General as among its customers. Anvato is headed by Alper Turgut, who previously led Verkata and...

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Avast + AVG Merger Extends Cyber Reach to 400 Million Endpoints

Prague-based Avast Software agreed to acquired AVG Technologies N.V. for $25.00 per share in cash, for a total consideration of approximately $1.3 billion. The offer price represents a 33% premium over the July 6, 2016 closing price and a premium of 32% over the average volume weighted price per share over the past six months. Both companies offer antivirus software and Internet security services.  Both were founded in the Czech Republic in...

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Polycom Drops Mitel Merger, Agrees to Private Equity Buyout

The Board of Directors of Polycom terminated a previously announced merger agreement with Mitel Networks Corporation, and instead approved a new merger agreement with Triangle Private Holdings I and Triangle Private Merger Sub, entities affiliated with Siris Capital Group. Under the new deal with Siris, outstanding shares of common stock of Polycom will be exchanged for $12.50 per share in cash at the completion of the merger. On July 7, 2016,...

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