SES Platform Services, part of the SES family, said it has agreed to acquire all of RR Media for USD 13.291 per share, or a total enterprise value of USD 242 million, with the aim of creating a world-leading global media solutions provider. The deal, funded by the existing financial resources of SES, is subject to regulatory approvals, which are expected to complete in the second or third quarter of this year.
After the closing, RR Media and SES PS will be combined to create a new, stand-alone world-leading media services provider, offering full continuity and enhanced service to their existing customers. The new organisation will focus on offering its customers highly optimised content management and distribution solutions that use the combined network of SES PS and RR Media leveraging their multiple satellite positions as well as a large fibre network and the internet, in order to maximise audience reach and add monetisation capabilities.
RR Media provides scalable, converged digital media services to more than 1,000 media companies globally. The company manages and delivers over 24,000 hours of broadcast content per day, with 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. RR Media provides coverage for over 95 percent of the world’s population, reaching 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.
The company’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.