Ericsson relinquishes a majority share of its TV software holdings
February 02, 2018
Subsequent to a yearlong review of its media and video-technology assets, Ericsson is divesting its Media Solutions business, and choosing to retain Red Bee Media (née Ericsson Broadcast and Media Services) in full.
51 percent of Ericsson Media Solutions – comprising Mediaroom, Envivio, Azuki, Fabrix, and Tandberg assets – will be transferred to private equity firm One Equity. Ericsson’s 49 percent stake will continue to be reported under the company’s Other business segment. Red Bee Media – comprising Ericsson’s playout, content discovery, managed media services, and creative assets – will continue to operate as an independent, fully-owned subsidiary.
Subject to regulatory approval, the Media Solutions deal is expected to close in Q3; financial terms have not been disclosed.