More Broadcast Vendor M&A: Vizrt Completes Acquisition of LiberoVision

Posted by Joe Zaller
May 10 2011

Vizrt reported that it has reached a definitive share purchase agreement with LiberoVision, a provider of sports replay technology. The deal was first announced in November of 2010.

According to the agreement, Vizrt’s Swiss subsidiary will purchase LiberoVision in three installments. Vizrt will initially acquire 60% of LiberoVision for CHF 6 million (approximately $6.6 million) plus an additional CHF 1 million conditional on LiberoVision’s EBIT for 2010 being in excess of CHF 1 million.

A further 20% will be acquired 30 days following receipt of the financial results of LiberoVision for the financial year 2011 and the remaining 20% 30 days following receipt of LiberoVision’s financial results for the financial year 2012. The consideration for each additional 20% tranche of LiberoVision shall be calculated as 20% of ten times the EBIT for the applicable fiscal year.

As part of the transaction, the founders of LiberoVision are committed to continue their employment with LiberoVision for a period of at least two years.

Martin Burkhalter, CEO for Vizrt, stated, “We’re pleased to have finalized the purchase agreement, which will allow us to integrate LiberoVision’s technology further into our own sports offerings. At this year’s NAB, we successfully showcased the first steps in the integration of LiberoVision’s Libero Highlight 3D sports analysis and replay system with Vizrt’s broadcast graphics and media asset management (MAM) workflow. With this integration, we can address our respective client bases with an even stronger platform.”

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Related Content:

Press Release: Vizrt Signs Definitive Share Purchase Agreement in LiberoVision Acquisition

More Broadcast Vendor M&A: Vizrt Acquires Sports Replay Provider LiberoVision

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One Response

  1. Bóa Tarde por-que a liberovision não testar o apito digital no sistema do tira- teima na copa de 2014. vamos eliminar a corrupção no futebol em campo.

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