Media & Entertainment Acquisitions in 2011

Buongiorno S.p.A. agreed to acquire 100% of Dada.net S.p.A. for EUR28.5 million plus a potential earn-out of up to EUR2.5 million. The acquisition, funded by cash and new credit lines, adds roughly 150 employees and expands Buongiorno’s mobile content capabilities and B2C market presence, particularly in North America.

Rovi Corporation has acquired TV-tracking site SideReel (terms not disclosed) and is using the acquisition to launch AllRovi.com, a consumer-facing video and music discovery site. The move combines Rovi's search, recommendation technology and extensive media library with SideReel's TV show-tracking and streaming aggregation capabilities to broaden Rovi's consumer offerings.

Match.com, an operating business of IAC, acquired OkCupid for $50 million in cash plus potential future contingent payments. OkCupid will continue to be led by co-founder and CEO Sam Yagan from its New York office; IAC said the acquisition will help coordinate complementary advertising- and subscription-based dating businesses and expand Match's reach with younger, advertising-driven users.

USA TODAY (owned by Gannett Co., Inc.) has acquired Reviewed.com, a network of product-review websites that provide lab-tested reviews of consumer electronics. Reviewed.com will remain based in Boston with current management staying in place; terms were not disclosed.