Vix Acquires Spanish-Focused AVOD Business Pongalo

The deal is estimated to be a low eight-figure cash and stock deal

Pongalo, a company that operates a mix of Spanish-focused streaming services, has been acquired by Vix, the two companies announced Tuesday morning. Specific dollar amounts were not disclosed, but the deal is estimated to be a low eight-figure cash and stock deal, according to a person familiar with the matter.

Formerly known as Latin Everywhere, Pongalo runs three ad-supported video-on-demand (AVOD) services — NovelaClub, Pongalo TV and Moovimex — which just surpassed 1 billion minutes watched so far this year, according to the company.

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