Carlyle to acquire LiveU

Investment firm Carlyle has agreed a deal to acquire live video streaming and remote production solutions provider LiveU.

Terms of the deal have not been announced, but an earlier report from local Israeli press (via TechCrunch) claimed that the private equity firm is paying over US$400 million to take over the company from Francisco Partners.

LiveU’s bonded cellular technology-based live video transmission platform is used by over 3,000 large media organisations across more than 130 countries. The company is currently gearing up for the upcoming Olympic Games in Tokyo where it will be involved in transmitting thousands of hours of content. 

Carlyle said that it will use its experience in the media tech sector to support LiveU’s growth, with the company sitting alongside investments in business such as Disguise, NEP, THe Foundry, Vubiquity, BTI Studios and The Mill.

Samuel Wasserman, CEO and co-founder of LiveU, said: “We’re excited to partner with Carlyle as we look to expand LiveU’s global footprint and service offering. This is a significant milestone for LiveU and represents a strong vote of confidence in our business. Carlyle brings deep industry expertise with their track record in the media and technology space alongside a global network. We greatly thank Francisco Partners and IGP Capital for their support and partnership over the last few years.”