Minute Media Acquires STN Video
January 24, 2024
Minute Media has acquired STN Video (formerly SendtoNews), a Victoria, BC–based online video platform and North American sports content distributor that holds highlight rights with major U.S. sports leagues. The deal brings STN's award-winning OVP, a library of more than 2 million videos, and distribution capabilities into Minute Media's Voltax Video ecosystem; financing support for the transaction came from HSBC Innovation Banking and funds/accounts managed by BlackRock. Frontier (a prior investor in STN) will remain a supportive shareholder of Minute Media.
- Buyers
- Minute Media
- Targets
- STN Video (formerly SendtoNews)
- Sellers
- Frontier Growth
- Industry
- Media & Entertainment
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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