Yeah1 may break record share value

Yeah1 may reach record in share price valuation

A leading global digital network, Yeah1 is confident that the sale will be successful, generating proceeds of $100 million.

To date, numerous foreign firms from the UK, Singapore, Japan, and Thailand registered to buy 70 per cent of the offered shares. Some of the largest names are Capital Asset Management, Probus Group, and TT International Limited.

Once successful, Yeah1 will spend the proceeds on expanding its operations via investments, M&A deals, as well as partnerships.

Along with Yeah1, there were numerous large-scale M&A deals in the digital networks on the world.

According to Fiercecable, in April 2016, new over-the-top player Verizon (NYSE: VZ) purchased a 24.5 per cent stake in AwesomenessTV, a youth-focused digital media company that branched out from its original roots as a YouTube multichannel network. Combined with majority owner DreamWorks Animation and minority owner Hearst (which also holds a 24.5 per cent stake), AwesomenessTV's valuation was $650 million.

With the investment of Verizon, AwesomenessTV will create short videos to launch exclusively on Verozon's Go90 OTT service, while previously it only developed original content for Go90 OTT.

This investment moved Verizon's OTT strategy ahead as it continues to target millennial viewers on its mobile-first service.

Meanwhile, according to The New York Times, in March 2014 Walt Disney Company took a big step to embrace the new digital sector by spending $500 million on acquiring Maker Studios, a YouTube-based video supplier that generates more than 5.5 billion views a month from a subscriber base of 380 million.

Kevin A. Mayer, Disney’s executive vice president for corporate strategy and business development stated that through the deal Disney gains access to a large audience group, which would be hard to build from scratch.

“Maker brings to Disney a substantial digital audience, some of the biggest stars in the space, and also a real understanding of how to manage big brands on YouTube. Look at what Maker has done for Epic Rap Battles and Snoop, and imagine what they can do for Iron Man, Mickey, and Yoda,” said Brent Weinstein, who leads United Talent Agency’s digital media division.

Established in September 2006, Yeah1 specialises in entertainment for young people in Vietnam and runs a series of entertainment channels, including Yeah1TV, Yeah1family, Imovietv, and SCTV2, with nine subsidiaries and four indirect subsidiaries, including Yeah1 Vietnam Co., Netlink Online Corporation, and TNT Media Advertising.

In 2008, DFJ VinaCapital, a venture fund of Vietnam’s leading asset manager VinaCapital, invested $1.4 million in Yeah1.