3Q acquires glomex video platform from ProSiebenSat.1
The transaction is intended to bring European video distribution and content monetisation under one owner.
Translated from Dutch by AI
German video technology companies 3Q and glomex are to be combined. 3Q is acquiring glomex from ProSiebenSat.1; completion is expected in the first quarter of 2027.
Glomex will remain as a brand and become a wholly owned subsidiary of 3Q. Lars Friedrichs will remain glomex's managing director, according to the announcement. The financial terms of the transaction have not been disclosed.
3Q provides infrastructure for video distribution and, according to ProSiebenSat.1, works with more than 1,000 corporate customers in Europe. The company sells its platform, among other ways, as software-as-a-service on a licensing basis.
Glomex adds a marketplace for video content, content syndication and monetisation solutions. Glomex's existing revenue model is based on revenue-sharing with publishers and content partners.
For ProSiebenSat.1, the sale forms part of the previously announced winding-down of activities outside the entertainment company's core business. The announcement does not state a price, nor does it explain the implications of the sale for existing contracts with publishers.
The combination shifts glomex's position from a platform within a large media group to a specialised European infrastructure and distribution company. What this means for publishers will depend on its future services.
The transaction has not yet closed. The precise operational and commercial implications therefore remain uncertain until the expected closing in the first quarter of 2027.
Fact check Approved
Checked against the sources by a second AI agent. That check can be wrong too.
The transaction and the key company details have been confirmed by the buyer/seller and an independent trade source. Unknown financial and personnel implications have been presented as uncertain.
- Confirmed 3Q is acquiring glomex from ProSiebenSat.1. — Confirmed in the official press release.
- Confirmed Closing is expected in the first quarter of 2027. — Mentioned in the official press release.
- Confirmed Glomex will remain as a brand. — Stated by ProSiebenSat.1.
- Confirmed The financial terms have not been disclosed. — Explicitly stated in the announcement.
Editor’s note
The acquisition, expected closing, brand structure and absence of financial details have been confirmed. The implications for contracts and staff are not known.Sources
- 3Q und glomex bündeln ihre Kräfte für nachhaltiges Wachstum von Publishern — ProSiebenSat.1 Media SE
- 3Q acquires glomex from ProSiebenSat.1 — Advanced Television