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  5. FITE Acquires Avid AI

M&A Deal Summary

FITE Acquires Avid AI

On August 8, 2018, FITE acquired media company Avid AI

Acquisition Highlights
  • This is FITE’s 1st transaction in the Media sector.
  • This is FITE’s 1st transaction in the United States.

M&A Deal Summary
Date 2018-08-08
Target Avid AI
Sector Media
Buyer(s) FITE
Deal Type Add-on Acquisition

Target

Avid AI

United States
Avid AI, Inc. is a mobile community for the next generation of sports fans. Avid AI applies machine learning techniques to provide its sports community with an intelligent, personalized and social experience.

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Buyer(S) 1

Buyer

FITE

Uniondale, New York, United States
Category Company
Founded 2011
Sector Digital Media
DESCRIPTION

FITE is a digital live-streaming network that provides fans with a reliable and engaging way to watch premium live events and helps programmers distribute and monetize them. FITE was founded in 2011 and is based in Uniondale, New York.

DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
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