Arqiva sells SeeSaw to US private equity group

Communications infrastructure and media services company Arqiva has agreed a deal to sell UK online TV aggregation service SeeSaw to an investor consortium led by US private equity company Criterion Capital Partners, The Guardian reports. Criterion will take a controlling stake in SeeSaw, in a deal believed to be worth over GBP 10 million. Arqiva retains a 25 percent stake and a seat on the new board. Criterion has appointed former Channel 4 CEO Michael Jackson as chairman of SeeSaw. It also plans to retain SeeSaw's London headquarters and most key staff, including commercial director Matt Rennie, chief technology officer Richard Dines and platform controller John Keeling. SeeSaw attracts about 900,000 unique visitors a month, of which around 700,000 live in the UK.