Following our report yesterday of an impending sale of LiveU — one of the big developers of live streaming hardware and software, used by some 3,000 major media organizations — today the company and its buyer Carlyle confirmed the deal.
The seller is Francisco Partners, another PE firm that acquired LiveU just two years ago for $200 million. LiveU and Carlyle are not disclosing the terms of this latest sale, but well-placed sources tell us it’s for over $400 million. Carlyle noted that equity for the investment will be provided by Carlyle Europe Technology Partners (CETP) IV, a fund that invests in middle market technology-focused opportunities in Europe and the U.S. LiveU is based out of Israel, and this is Carlyle’s first tech acquisition in the country.
LiveU’s valuation doubling over two years is partly a reflection of the state of media today. Specifically, video is the centerpiece of how content and information are consumed, and its presence is only growing, and so companies building tools to improve how it is captured and transmitted are hot.
Another fillip to the video market has been the pandemic. LiveU will be used to record and transmit …read more
Source: Tech Crunch