Top Communication Services Transactions: August 2026

Top Communication Services Transactions: August 2026
8:04

Data sourced from Dakota Private Markets, the private fund performance platform powered by Dakota. Learn More | Request Access

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 August alone, we added more than 2,000 new private company transactions, bringing the total to over 30,000+ searchable deals across sectors, industries, and transaction types in Dakota Private Markets

Inside Dakota Private Markets, 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’s team 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 communication service transactions.

1. Lingxi Games - Platform

  • Transaction Date: 8/17/2026
  • Industry: Entertainment
  • Type: Buyout / Private Equity
  • Transaction Value: $2B

Alibaba has agreed to sell its entire stake in game developer Lingxi Games to private equity firm Trustar Capital, with reports estimating proceeds of more than $2 billion (Bloomberg citing at least $1.5 billion), though exact terms and closing timeline remain undisclosed. The sale continues Alibaba's shedding of non-core assets—following divestitures of Sun Art and Intime—as it refocuses on AI and cloud priorities, with Lingxi CEO Zhou Bingshu and the existing management team staying on to lead the studio.

2. A And E Corporate Member Limited - Strategic Acquisition

  • Transaction Date: 8/4/2026
  • Industry: Insurance
  • Type: Acquisition / Merger
  • Transaction Value: $1.2B

Hearst will acquire Disney's remaining 50% stake in A+E Global Media for approximately $1.2 billion in cash, making the network group—home to A&E, Lifetime, HISTORY, and VICE TV, reaching over 414 million households in 200 territories—a wholly owned Hearst business within its Entertainment group. The deal is expected to close in September 2026, ending decades of joint ownership between Hearst and Disney.

3. oOh!media Limited - Take-Private / Public-to-Private

  • Transaction Date: 8/9/2026
  • Industry: Media
  • Type: Buyout / Private Equity
  • Transaction Value: $631M

I Squared Capital will acquire oOh!media, a leading out-of-home advertising infrastructure operator across Australia and New Zealand, for A$1.70 per share in cash—an approximately 100% premium to its undisturbed price—implying an equity value of roughly A$898 million ($631 million) and enterprise value of A$1.04 billion ($733 million). The deal, structured as a scheme of arrangement, adds oOh!media's 30,000+ digital and static advertising assets to I Squared's growing Australian infrastructure portfolio, with closing expected in Q4 2026.

4. Wrtn Technologies Inc. - Series C

  • Transaction Date: 8/26/2026
  • Industry: Interactive Media & Services
  • Type: Venture
  • Transaction Value: $76M

South Korean AI platform Wrtn Technologies raised $76 million in a Series C round led by Coreline Ventures and EUGENE ASSET MANAGEMENT, becoming the first domestic AI startup to surpass a $760 million valuation and bringing total funding to $175 million. The raise follows strong traction from Wrtn's North American AI entertainment platform OOC, which topped $7.6 million in monthly revenue within three months of its May launch, with the company projecting total 2026 revenue of $152 million, up from $36 million in 2025.

Want to track communication services deal activity like this as it happens? Explore the full transactions tab in Dakota Private Markets for real-time, filterable data on every deal in this sector.

5. HubX - Minority

  • Transaction Date: 8/28/2026
  • Industry: Entertainment
  • Type: Venture
  • Transaction Value: $1.3B

HubX, a Turkish consumer app company behind 40+ mobile and web products reaching over 600 million users, has secured its first external investment—up to $75 million from Point72 Private Investments at a $1.2 billion pre-money valuation, consisting of an initial $50 million with an option for $25 million more. The funding will support HubX's shift into acquiring and partnering with other consumer tech products and teams globally, building on a bootstrapped, profitable operation it has run since 2022.

6. Triangle Group - Seed

  • Transaction Date: 8/5/2026
  • Industry: Entertainment
  • Type: Venture
  • Transaction Value: $10M

Triangle Group, an Asia-Pacific live entertainment platform, raised $15 million combining a $10 million equity seed round led by DSG Consumer Partners and Golden Gate Ventures with a $5 million venture debt facility from Genesis Alternative Ventures. Alongside the raise, Roger Field—former President of Live Nation Asia Pacific—joined Triangle as Executive Director and Operating Partner, positioning the company to expand its regional touring and festival infrastructure across 18 cities in 9 countries.

7. InfiniG - Seed

  • Transaction Date: 8/18/2026
  • Industry: Diversified Telecommunication Services
  • Type: Venture
  • Transaction Value: $5.2M

InfiniG, which offers Mobile Coverage as a Service using shared CBRS spectrum and multi-operator technology to modernize enterprise cellular infrastructure, raised a $5.2 million seed round co-led by J2 Ventures and Stormbreaker Ventures. The funding will expand enterprise deployments across healthcare, retail, manufacturing, and critical infrastructure sectors, automate mobile-operator integration, and build toward 5G, private networks, and physical AI applications.

8. Triangle Group - Direct Lending

  • Transaction Date: 8/5/2026
  • Industry: Entertainment
  • Type: Credit
  • Transaction Value: $5M

Genesis Alternative Ventures provided a $5 million venture debt facility to Triangle Group, part of a combined $15 million capital raise that also included a $10 million equity seed round led by DSG Consumer Partners and Golden Gate Ventures. The financing supports Triangle's build-out of live entertainment touring and festival infrastructure across Asia-Pacific, alongside the addition of former Live Nation Asia Pacific President Roger Field as Executive Director and Operating Partner.

Transactions in Dakota Private Markets

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 Private Markets, 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 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, request access to Dakota Private Markets.

Morgan Holycross, Marketing Manager

Written By: Morgan Holycross, Marketing Manager

Morgan Holycross is a Marketing Manager at Dakota.