11.14.2013 10:23 AM
Vizrt to Acquire Mosart Medialab
Purchases shared capital of newscast automation software company
OSLO—Vizrt Ltd. has entered into an indicative non-binding term sheet with TV2 Gruppen AS to purchase of all of the issued share capital of Mosart Medialab AS.

Mosart automates TV production tasks through software, enabling the creation of complex production with a few operators through an interface. Mosart takes input from the newsroom computer system to control systems and devices, while humans remain in control.

“Mosart’s technology is a perfect complement to our smart workflow solutions, and will enhance our offering to broadcasters on a global scale,” Vizrt CEO Martin Burkhalter.

Vizrt at the closing of the transaction will pay approximately US $17.6 million. The sellers also have an earn-out mechanism should the revenues for the years 2013, 2014 and 2015 exceed certain thresholds.

As part of the transaction, TV2 Gruppen AS shall continue to be granted a license for Mosart’s software, in accordance with the current annual license fee charged by Mosart, for 7 years.

Assuming the due diligence review is to Vizrt's satisfaction, subject to board of directors’ approval, agreement on transaction documents, including a final share purchase agreement and receipt of all required approvals, including regulatory approvals, the parties aim to conclude the transaction by Dec. 31.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Tuesday 06:00 AM
Eleven FCC Scenarios for The 600 MHz Band Plan
I suspect that the estimated $44 billion of auction proceeds do not take into account the fact that some spectrum the FCC will buy cannot be resold because it must be used as guard intervals in the 600 MHz band plan.~ Charles W. Rhodes

Zazil Media Group /   Thursday 11:07 AM
NAB 2015 Preview: Dalet Spearheads the Facility of the Future
Wall Street Communications /   Thursday 07:36 PM
Digital Alert Systems 2015 NAB Show Preview

Featured Articles
Discover TV Technology