Lebanon Businessnews News

Daher Capital sells two companies
London Stock Exchange
and Disney are the acquirers
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Beirut-based Daher Capital, chaired by Michel Daher, has sold two companies of the group’s portfolio.

The first deal is the sale of Maker Studios, an independent multi-channel network on YouTube. Disney has bought Maker Studios for up to $950 million, $500 million in cash and an additional $450 million in performance earn-outs. The payment will take place in two phases. This is one of the biggest acquisitions related to a YouTube multichannel network.

The channel is home to many online videos. Maker Studios has two billion views online per month with over 5,000 channels and more than 140 million subscribers. It offers its users development, production, promotion, distribution, sales, and marketing services. Maker Studios is headquartered in Culver City, California.

Daher’s Bonds.com Group Inc. was sold earlier this month to MTS, the European bond electronic trading arm of the London Stock Exchange Group. The total amount of the deal remained undisclosed.

The MTS management said that this transaction enhances the position of the company as a global provider of fixed income trading platforms. The step is considered as a natural extension for both MTS and London Stock Exchange Group.

Bonds.com offers real-time, executable orders on U.S. corporate bonds and emerging market debt to over 600 institutions.

The acquisition is subject to customary regulatory clearance and stockholder approval. It is expected to be finalized during the second quarter of this year.

Last month, Daher Capital had also sold Burstly to Apple. “These consecutive sales give us the incentive and motivation to develop our further products,” said Daher.
Reported by Rana Freifer
Date Posted: Mar 31, 2014
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