Top 10 Communication Services Transactions (March 2026)

Top 10 Communication Services Transactions (March 2026)

Top 10 Communication Services Transactions (March 2026)
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For deal sourcers, staying current on private company activity is critical to spotting active buyers, tracking market trends, and uncovering emerging investment opportunities ahead of competitors.

In March alone, we added more than 1,800 new private company transactions, bringing the total to over 19,000 searchable deals across sectors, industries, and transaction types in Dakota Marketplace.

Inside Dakota Marketplace, you’ll find the transactions tab that provides structured, filterable data on deal types, values, and dates, while our editorial team curates daily updates through the dakota transactions newsletter, helping you cut through the noise and focus on what matters most.

To ensure the most comprehensive coverage of private market activity, Dakota monitors over 10,000 websites including company websites, newswires, and numerous third-party news providers to capture and verify transaction data as it happens.

Below are the top 10 communication service transactions.

1. TEGNA - Take-Private

  • Transaction Date: 3/19/2026
  • Industry: Media
  • Type: Strategic / Corporate M&A
  • Transaction Value: $6.2B

Nexstar Media Group closed its $6.2 billion acquisition of TEGNA Inc. following FCC and DOJ approval, paying $22.00 per share in cash — a 31% premium to TEGNA's unaffected 30-day average stock price prior to deal reports. The combination creates the largest local broadcast media company in the U.S., strengthening Nexstar's ability to deliver local news and programming across an expanded portfolio of stations nationwide.

2. Shanghai Moonton Technology - Strategic Acquisition

  • Transaction Date: 3/20/2026
  • Industry: Entertainment
  • Type: Acquisition / Merger
  • Transaction Value: $6B

Saudi Arabia's Savvy Games Group, a subsidiary of the Public Investment Fund, agreed to acquire Moonton Games from ByteDance for $6 billion — a 50% premium to the $4 billion ByteDance paid for the mobile studio in 2021. Moonton, the developer behind Mobile Legends: Bang Bang with 1.5 billion installs and over 110 million monthly active users, will continue operating under its existing management team as part of Savvy's expanding global gaming portfolio.

3. The Telegraph - Divestiture

  • Transaction Date: 3/6/2026
  • Industry: Media
  • Type: Acquisition / Merger
  • Transaction Value: $770M

Axel Springer agreed to acquire the Telegraph Media Group from RedBird IMI for £575 million in cash, fulfilling a 20-year pursuit of the heritage British publication by the transatlantic family-owned media company that also owns POLITICO and Business Insider. The deal is positioned to accelerate the Telegraph's expansion into the U.S. market and digital transformation while preserving its editorial independence as a center-right media outlet.

4. Delivery Hero’s Delivery Business - Asset Purchase

  • Transaction Date: 3/23/2026
  • Industry: Interactive Media & Services
  • Type: Acquisition / Merger
  • Transaction Value: $600M

Grab agreed to acquire Delivery Hero's foodpanda business in Taiwan for $600 million in cash, marking the Southeast Asian super app's first expansion outside the region into its ninth market. The deal, expected to close in the second half of 2026, gives Grab access to foodpanda Taiwan's roughly $1.8 billion in 2025 GMV and presence across 21 cities, with full platform migration to the Grab app targeted by early 2027.

5. Bell Canada’s Land Radio Network Services Business - Asset Purchase

  • Transaction Date: 3/26/2026
  • Industry: Wireless Telecommunication Services
  • Type: Acquisition / Merger
  • Transaction Value: $490M

Motorola Solutions Canada agreed to acquire Bell Canada's land mobile radio networks services business for CAD $675 million, consolidating a partnership that has spanned more than 30 years providing secure communications infrastructure across Canada. The deal, expected to close in Q4 2026, gives Motorola Solutions direct ownership of a critical public safety communications platform while Bell remains an important service delivery partner post-close.

6. Create Music Group - Minority

  • Transaction Date: 3/4/2026
  • Industry: Interactive Media & Services
  • Type: Growth Equity
  • Transaction Value: $450M

Create Music Group completed a $450 million equity and debt fundraise at a $2.2 billion valuation, with institutional backing from Ares Management, Flexpoint Ford, and 2 Mile, while founders retained majority ownership. The capital follows the company's $300 million strategic investment in Nettwerk Music Group and will support continued acquisitions and global expansion of Create's platform, which backs independent labels including Monstercat, !K7 Music, and Mau5trap.

7. Everstream - Add-On / Bolt-On Acquisition

  • Transaction Date: 3/6/2026
  • Industry: Diversified Telecommunication Services
  • Type: Acquisition / Merger
  • Transaction Value: $384.6M

Bluebird Fiber completed the acquisition of substantially all assets and operations of Everstream, a roughly 25,000 route mile business fiber network serving the Midwest, in a deal that coincided with Everstream's emergence from Chapter 11 bankruptcy. The combination gives Bluebird Fiber a 36,000 route mile network spanning 12 states from Kansas to Ohio and north to the Canadian border, with over 400,000 near-net buildings accessible to enterprise, hyperscale, carrier, and government customers.

8. Seeker Music - Asset-Based Lending (ABL)

  • Transaction Date: 3/24/2026
  • Industry: Media
  • Type: Credit
  • Transaction Value: $267M

M&G Investments arranged a $267 million asset-backed securitization for Seeker Music, the creative-led music publishing and rights platform it backed at founding in 2020, using Seeker's catalogue of more than 19,000 copyrights and master recordings — valued in excess of $400 million and spanning artists from Joan Jett to Justin Bieber and Miley Cyrus — as the underlying collateral. The financing will fund continued catalogue expansion and technology investment as Seeker scales its model of reviving and "flipping" classic songs for new audiences, a strategy that recently produced Shaboozey's chart-topping "A Bar Song (Tipsy)."

9. Cape - Series C

  • Transaction Date: 3/19/2026
  • Industry: Wireless Telecommunication Services
  • Type: Venture
  • Transaction Value: $100M

Cape, a privacy-first mobile carrier that has built its own network core rather than reselling legacy infrastructure, raised a $100 million Series C co-led by Bain Capital Ventures and IVP, bringing total funding to $191 million. The Arlington-based company serves U.S. government agencies, enterprises, and privacy-conscious consumers with security features like daily SIM ID rotation, positioning itself as a purpose-built alternative to traditional carriers that have faced repeated breaches and hundreds of millions in FCC fines for mishandling customer location data.

10. Keynes Digital - Minority

  • Transaction Date: 3/25/2026
  • Industry: Interactive Media & Services
  • Type: Growth Equity
  • Transaction Value: $40M

Keynes, an Austin-based performance advertising platform for Connected TV, raised a $40 million minority investment from Volition Capital to expand its technology infrastructure, data integrations, and measurement capabilities as advertisers accelerate their shift of budgets from traditional television to streaming. Founded in 2018, Keynes combines AI-driven optimization with transparent performance reporting to help brands treat CTV as an accountable performance marketing channel rather than a brand-only medium.

Transactions in Dakota Marketplace

At Dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team continuously monitors the news for real-time updates on platform investments, add-ons, divestitures, and more to deliver daily highlights straight to your inbox through our transactions newsletter.

Inside Dakota Marketplace, the transactions tab provides structured, filterable data with deal dates, types, sectors, and financials, allowing you to build a customized feed that aligns with your focus areas.

Whether you're evaluating a new investment opportunity or tracking trends within a target sector, Dakota Marketplace helps you cut through the noise and focus on what matters most.

For more information on these transactions and a deeper dive into their industries and sub-industries, book a demo of Dakota Marketplace.

Cate Costin, Marketing Associate

Written By: Cate Costin, Marketing Associate