Pharus Advisors acted as exclusive financial advisor to Two Way Media Limited in divesting its UK technology operations to Virgin Media Incorporated.
The transaction included Virgin Media purchasing a perpetual exclusive license for Two Way’s ARK technology, a leading interactive TV platform, to be used in the UK and Ireland. In addition, Two Way and Virgin entered into a long-term content partnership whereby Two Way will continue to have a preferential relationship with Virgin for participation TV, enhanced TV and gaming TV.
Two Way Media, headquartered in London, UK, is an interactive production company focused on creating entertaining transactional television content in a multi-platform environment. It uniquely combines core technology and content capabilities for transactional TV production with strong distribution and client relationships. Two Way offers an entire suite of design-build-operate solutions for media companies.
Two Way’s offerings allow network operators, broadcasters and TV production companies to convert TV audiences into revenue generating consumers by engaging them with compelling and entertaining interactive content across multiple platforms – TV, broadband and mobile.