This week in Media & Entertainment: Tencent acquires Lazy Audio for $417 million

Mergers and Acquisitions
Niantic acquires Mayhem to boost social gaming communities
Mayhem team’s expertise in designing social gaming experiences and online community building will help Niantic drive new ways to connect its global community of players. Read More>>
Twitter to acquire podcast app Breaker
All future updates, management and support of Breaker products and services will be made by Maple Media. Read More>>
Evertz acquires Studer brand, technology and related assets
Studer is an audio brand that has been in operation for more than 70 years, developing tape decks, and digital mixing consoles. Read More>>
Snap acquires mapping startup StreetCred
StreetCred Labs Inc. collects inventories and location data for businesses and app developers. Read More>>
Google closes its Fitbit acquisition 
Google will allow Fitbit users to choose to connect to third party services, so they can still connect different health and wellness apps to their Fitbit accounts. Read More>>
China’s Tencent acquires audiobook platform Lazy Audio for $417 million 
Lazy Audio’s platform, founded in 2012, hosts Chinese comedy, podcasts and radio shows apart from audiobooks. Read More>>

Fundraise and Investments
Playtika launches IPO to capitalize on gaming trend 
The Israeli gaming company is attempting to raise $1.67 billion and thus increase its total valuation to nearly $10 billion. Read More>>

Executive Movement
Showtime and CBS veteran Christina Spade named CFO of AMC Networks  
Spade replaces Sean Sullivan, who stepped down last October. Christina will report to CEO Josh Sapan. Read More>>
We Search For You, Inc. hires David F. Wiley as chief technology officer 
Wiley brings with him over thirty years of experience designing and developing data-intensive applications and services. Read More>>
The Trade Desk appoints Michelle Hulst as chief operating officer 
Hulst previously served as Executive Vice President, Global Data and Strategy at The Trade Desk. Read More>>
Deals, Deal Renewal and Partnerships
Tampa Bay Times will move printing to Gannett plant in Lakeland 
Times Publishing will eliminate about 150 jobs and sell its St. Petersburg production center. Read More>>

Former Disney and Discovery execs are teaming up to launch a new streaming service called Struum 
The company is collaborating with investor Firstlight Media to build the platform from the ground up on Microsoft Azure’s cloud security technology. Read More>>
Nexstar Inc. partners with VENN.TV to introduce new content hub 
VENN introduces both new content audience to Nexstar Inc.’s already sizable network which reaches an average of 85MM monthly unique users. Read More>>
MTN Nigeria join forces with Gameloft to release Gameworld 
The partnership between Gameloft and MTN Nigeria enables MTN to provide access to numerous exciting games from Gameloft to MTN customers and other famous publishers at an affordable price. Read More>>
Simplebet launches Micro-Market with INTRALOT Inc in Washington DC 
Simplebet’s proprietary Micro-Market pricing engine combines automated market mechanics of a betting market with odds for each potential outcome of a respective occurrence. Read More>>
OtherLevels enters the OpenArena with Scientific Games 
OpenArena is a ‘one-stop marketplace’ providing access to products from Scientific Games and its portfolio of partners, including those focused on sports betting intelligence. Read More>>
Headlines From The Startup World
Startup Spotlight
Latest Insights & Reports

Rogers Communications, Inc Account Intelligence Report: Roger Communications wants to partner with Roambee, 1VALETm and Fleet Complete to expand its offerings across digital monitoring, smart city services, and connected devices. Read more. 

British Broadcasting Corporation Account Intelligence Report :BBC focused on delivering vital public information on Wales and entertainment on Radio Wales and Radio Cymru during the lockdown. Read more. 

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