New On The Block

Byron Allen's Allen Media Group has hired Moelis & Company to explore a sale of its TV stations across 21 markets. The company spent over $1 billion acquiring Big Four network affiliates (ABC, NBC, CBS, FOX) over the past six years.

It is now looking to cash out and reduce debt. Deadline reported that the TV stations have received multiple offers.

Also for sale:

Updates From The Block

• Rosebank Industries (LON: ROSE) is once again in talks to buy Electrical Components International (ECI), a wire harnesses manufacturer, for about $1.9 billion, Reuters reported. Rosebank was in talks to buy ECI in February but dropped the plans in March.

Off The Block

Bankruptcy Block

Notes From The Block

A studio's IP portfolio and game development pipeline are critical for video game investors. A major acquirer in the sector is GDEV Inc (NASDAQ:GDEV). The Cyprus-based company has made three M&A deals and spent $100 million on studio acquisitions since 2022.

This week, Andrey Fadeev drafted a listicle of key metrics GDEV uses for M&A evaluation.

In 2024, video game M&A activity reached $27.3 billion, underscoring the sector's immense growth and investment appeal. C-suite executives would be wise to consider these metrics when searching for their next target.

For last week’s edition of Deal Dispatch, click here.

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