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 October alone, we added more than 3,000 new private company transactions, bringing the total to over 8,000 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. MasOrange - Strategic Acquisition
- Transaction Date: 10/31/2025
- Industry: Diversified Telecommunication Services
- Type: Acquisition / Merger
- Transaction Value: $4.93B
- Participants: Orange S.A. and Grupo Masmovil
Orange has reached a non-binding agreement with Lorca to acquire the remaining 50% stake in MasOrange for €4.25 billion in cash, giving it full ownership of Spain’s leading telecom operator. The deal, expected to be finalized by mid-2026 pending regulatory approvals, strengthens Orange’s position in its second-largest European market and supports its “Lead the Future” strategic plan with a long-term commitment to growth in Spain.
2. Nep - Minority
- Transaction Date: 10/17/2025
- Industry: Media
- Type: Growth Equity
- Transaction Value: $700M
- Participants: 26North, The Carlyle Group Inc, Goldman Sachs & Co. LLC, Latham & Watkins LLP, Debevoise & Plimpton LLP, RBC Capital Markets Investment Banking, Greenhill & Co. Investment Bank, Kirkland & Ellis LLP
26North Partners has led a $700 million equity investment in NEP Group, the global leader in live sports and entertainment production technology, alongside existing sponsor Carlyle, which remains NEP’s largest shareholder. The funding will accelerate NEP’s global expansion and innovation across live sports, broadcast, and event production, with 26North Founder Josh Harris leveraging his extensive sports and entertainment network to support the company’s next phase of growth.
3. KukuFM - Series D
- Transaction Date: 10/16/2025
- Industry: Interactive Media & Services
- Type: Growth Equity
- Transaction Value: $85M
- Participants: Paramark, Granite Asia, Krafton, BITKRAFT Ventures, International Finance Corporation, Tribe Capital India, and Vertex Growth
Kuku FM, an Indian audio and video content platform, has raised $85 million in Series D funding led by Granite Asia (formerly GGV Capital), with participation from Vertex Growth Fund, Krafton, IFC, Paramark, Tribe Capital India, and Bitkraft. The funding—comprising both primary and secondary components—will be used to scale content creation, expand its creator base, and strengthen platform technology, as the company continues its mission to reach more listeners across India and beyond.
4. OLX Kazakhstan - Strategic Acquisition
- Transaction Date: 10/21/2025
- Industry: Interactive Media & Services
- Type: Acquisition / Merger
- Transaction Value: $75
- Participants: Beeline Kazakhstan, VEON Ltd, and OLX
Beeline Kazakhstan, a subsidiary of VEON Ltd. (Nasdaq: VEON), has agreed to acquire 100% of OLX Kazakhstan from OLX Group for $75 million, marking a major expansion of VEON’s digital services portfolio. The deal will integrate Kazakhstan’s leading online classifieds platform, which serves over 10 million monthly active users, into Beeline’s ecosystem—enhancing its digital operator strategy and creating new cross-platform growth opportunities across e-commerce, real estate, and mobility services.
5. Astra Nova - Venture
- Transaction Date: 10/18/2025
- Industry: Entertainment
- Type: Venture
- Transaction Value: $41.6M
- Participants: Outlier Ventures, NVIDIA Corporation, and Alibaba Cloud Global
Astra Nova has raised $48.3 million to accelerate its mission of building AI-powered Web3 entertainment tools, including $41.6 million from a recent strategic round led by Outlier Ventures, Middle Eastern institutional investors, and backers linked to Shiba Inu. The funding will support the company’s no-code TokenPlay AI platform, designed to help over 250,000 creators build decentralized entertainment experiences, and expand its global ecosystem, which now boasts more than 500,000 users.
6. Cypher - Series A
- Transaction Date: 10/2/2025
- Industry: Interactive Media & Services
- Type: Growth Equity
- Transaction Value: $30M
- Participants: Play Ventures, Raine Group, e2vc, VC Big Bets, and Massachusetts Institute of Technology
Cypher Games, a mobile interactive entertainment studio, has raised $30 million in Series A funding led by The Raine Group and Play Ventures, with participation from MIT, E2VC, and Big Bets, alongside existing investors including the founders of Discord, King, and Tripledot. The oversubscribed round will fuel the upcoming U.S. launch of Cypher’s debut title, Match Squad—a hybrid match-3 and dice-based game—and support talent expansion and development of the company’s second game as it aims to redefine the casual mobile gaming experience.
7. Electric Entertainment - Minority
- Transaction Date: 10/14/2025
- Industry: Entertainment
- Type: Growth Equity
- Transaction Value: $20M
- Participants: Content Partners
Electric Entertainment, the Los Angeles-based studio behind Leverage, The Librarians, and The Ark, has received a $20 million investment from Content Partners Capital (CPC) to support its continued growth and content expansion. The partnership, announced during Electric’s 25th anniversary at Mipcom, will provide strategic capital to fuel new and existing TV franchises as CPC accelerates its investment strategy across entertainment and content-driven businesses.
8. Mawingu - Series C
- Transaction Date: 10/2/2025
- Industry: Diversified Telecommunication Services
- Type: Venture
- Transaction Value: $20M
- Participants: Pembani Remgro Infrastructure Managers
Mawingu, a Kenyan internet service provider focused on closing the digital divide, has raised $20 million in Series C funding led by Pembani Remgro Infrastructure Managers to accelerate affordable internet access across East Africa. The capital will fuel network expansion in Kenya and support Mawingu’s goal of connecting one million East Africans by 2028, following its acquisition of Tanzanian ISP Habari and continued growth through solar-powered, community-centric connectivity solutions.
9. Riff - Series A
- Transaction Date: 10/23/2025
- Industry: Media & Entertainment
- Type: Venture
- Transaction Value: $16M
- Participants: Northzone, Skyfall Ventures, Maki, Sondo Capital, GFC, and Illusian Family Office
Riff, an Oslo-based platform enabling companies to build and launch AI-powered business applications, has raised $16 million in Series A funding led by Northzone, bringing total funding to $21 million. The capital will support global expansion as Riff helps organizations deploy secure, data-integrated AI apps using proven templates and infrastructure—driving real business impact across sectors like financial services, healthcare, and manufacturing.
10. Clear Channel Outdoor Holdings’ Business in Brazil - Asset Purchase
- Transaction Date: 10/1/2025
- Industry: Media & Entertainment
- Type: Merger & Acquisition
- Transaction Value: $15M
- Participants: Publibanca Brasil S.A., Eletromidia S.A., Clear Channel Outdoor Holdings Inc, Moelis & Company Investment Banking
Clear Channel Outdoor Holdings has completed the sale of its Brazil business to Publibanca Brasil S.A., an affiliate of Eletromidia S.A., for approximately US$15 million, marking the company’s full exit from Latin America. The divestiture supports Clear Channel’s strategy to simplify operations, strengthen liquidity, and focus on its core U.S. Americas and Airports businesses while using proceeds to reduce debt.
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.
