Online video management technology provider LTN Global has agreed to acquire Make.tv for an undisclosed amount in a deal that would enable software provider Microsoft and media company Qvest to exit.
Make.TV has created a cloud platform that allows entertainment providers to find and publish livestreamed video to their affiliates as well as over-the-top video platforms and social media accounts.
Qvest subsidiary Wellen+Nöthen Ventures and M12, the Microsoft unit then known as Microsoft Ventures, took part in an $8.5m round for Make.TV in 2017 alongside Voyager Capital, Vulcan Capital, Arnold Venture Group, MediaVentures, High-Tech Gründerfonds (HTGF), Dimensional Ventures and various private investors.
HTGF had already joined angel investors Andrin Bachmann and Greg Lockwood to supply an undisclosed amount of funding for the company in 2008.
Malik Khan, LTN’s co-founder and chairman, said: “The integration of Make.TV’s cloud-based services into our managed [intellectual property] production and transmission workflows gives customers even greater control and agility in executing live video creation, distribution and monetisation.
“With a highly scalable, cloud-based live video platform, our customers can quickly and easily gain visibility into an unlimited number of real-time sources and turn this content into a revenue-generating asset, backed by the assurance of a fully managed service.”
