Posts Tagged ‘LiberoVision’

Broadcast Vendor M&A: Vizrt Buys Remaining Shares of LiberoVision

Broadcast Vendor M&A | Posted by Joe Zaller
Feb 28 2013

Vizrt announced that it has closed the third and final tranche of the acquisition of virtual sports enhancement technology provider LiberoVision.  Following the closing of the deal, Vizrt will own 100% of the outstanding share capital of LiberoVision.

The purchase price for this transaction was $2.4m, comprised 80% cash ($1.9m) and 20% Vizrt stock (135,908 shares), and was based on a previously announced earn-out formula whereby Vizrt would  pay  20% of ten times LiberoVision 2012 EBIT.

In total, Vizrt paid $10.4m for LiberoVision.

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Related Content:

Press Release: Vizrt closes third tranche of LiberoVision AG acquisition

Vizrt Posts Lower Revenue, but Higher Margins and Profit in Q4 and Full Year 2012

More Broadcast Vendor M&A: Vizrt Acquires Additional 20 Percent of LiberoVision

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

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More Broadcast Vendor M&A: Vizrt Acquires Additional 20 Percent of LiberoVision

Broadcast Vendor M&A | Posted by Joe Zaller
Mar 14 2012

Vizrt said that it has acquired an additional twenty percent of LiberoVision, bringing its ownership stake in the of sports replay provider to 80%.

Vizrt first announced its intention to buy LiberoVision in November of 2010, saying at the time that it would purchase the company in three tranches. In July of 2011 Vizrt completed the purchase of the first tranche of shares when it paid CHF 6 million (~$6.6m at the time) for 60% of LiberoVision.

The company is now paying CHF 242,556 (~$200,000) for an additional 20% of LiberoVision, which represents 20% of ten times LiberoVision’s EBIT for 2011.  The remaining 20% of LiberoVision will be acquired next year based on the same EBIT calculation.

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 from the date of the original acquisition.

Vizrt financed the deal with 80% cash and 20% Vizrt shares.

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Related Content:

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

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

Broadcast technology vendor financials, Broadcast Vendor M&A | 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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More Broadcast Vendor M&A: Vizrt Acquires Sports Replay Provider LiberoVision AG

broadcast industry trends, Broadcast Vendor M&A | Posted by Joe Zaller
Nov 22 2010

Broadcast graphics and MAM vendor Vizrt announced that it will acquire sports enhancements technology provider LiberoVision AG. 

LiberoVision technology enables analysis of sports events by creating virtual 3D replays, including of “artificial camera positions” that enables the broadcaster to move the viewer‘s perspective to areas not covered by the in-stadium cameras, such as over-the-shoulder of the quarterback. 

Vizrt is initially paying $6.12m for 60% of the company and will purchase the additional shares over the next 2 years on a sliding scale that is dependent on LiberoVision’s financial performance.

All installments consist of 80% cash and 20% Vizrt Ltd. shares.  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.

Vizrt CEO Martin Burkhalter said that the efficiency and functionality of LiberoVision’s technology is compelling to content owners.  “Integration of both systems will allow us to take the combined offering to our existing customers and attract new ones,” said Burkhalter

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You can read the full Vizrt press release here.

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