M&A Deal Summary

Comcast Acquires Fandango

On April 1, 2007, Comcast acquired internet software and services company Fandango from TCV and General Atlantic for 200M USD

Acquisition Highlights
  • This is Comcast’s 1st transaction in the Internet Software and Services sector.
  • This is Comcast’s 6th largest (disclosed) transaction.
  • This is Comcast’s 4th transaction in the United States.
  • This is Comcast’s 1st transaction in California.

M&A Deal Summary

Date 2007-04-01
Target Fandango
Sector Internet Software and Services
Buyer(s) Comcast
Sellers(s) TCV
General Atlantic
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

Fandango

Los Angeles, California, United States
website
Fandango, Inc. is an online movie destination and ticketing source. Fandango entertains and informs consumers with reviews, commentary, celebrity interviews and trailers, and offers the ability to quickly select a film, plan where and when to see it, and conveniently buy tickets in advance.

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Buyer(S) 1

Buyer

Comcast

Philadelphia, Pennsylvania, United States

website


Category Company
Founded 1963
Sector Media
Employees186,000
Revenue 121.4B USD (2022)
DESCRIPTION
Comcast Center in downtown Philadelphia, Pennsylvania.
Comcast Center in downtown Philadelphia, Pennsylvania.

Comcast is a media and communications company. Comcast provides entertainment, information, and communications products and services in the United States and internationally. Comcast was incorporated in 1963 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 4 of 25
Sector (Internet Software and Services) 1 of 7
Type (Add-on Acquisition) 2 of 20
State (California) 1 of 6
Country (United States) 4 of 23
Year (2007) 1 of 2
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-31 Adelphia Communications

Coudersport, Pennsylvania, United States

Adelphia Communications was the country’s sixth largest cable television operator and, through various subsidiaries, provided cable television and local telephone service to customers in twenty-nine states and Puerto Rico.

Buy $17.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Patriot Media and Communications

Greenwich, Connecticut, United States

Patriot Media and Communications LLC is a cable operator that focused on providing video (basic, premium, digital cable and video on demand), data (broadband Internet) and voice (VOIP) services.

Buy $483M

Seller(S) 2

SELLER

TCV

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 12.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Technology Crossover Ventures (TCV) is a private equity and venture capital firm focused on investments in growth technology companies. TCV looks to provide capital for growth, recapitalizations, acquisitions, and buyouts of technology companies in sectors such as internet, financial technology, infrastructure & communications, and software. TCV targets opportunities in North America and looks to commit between $30 and $300 million of equity capital per transaction. TCV was formed in 1995 and is based in Palo Alto, New York City, and London.


DEAL STATS #
Overall 26 of 83
Sector (Internet Software and Services) 1 of 21
Type (Add-on Acquisition) 14 of 43
State (California) 14 of 32
Country (United States) 23 of 73
Year (2007) 2 of 7
Size (of disclosed) 19 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 Integres Global Logistics

Gold River, California, United States

Integres Global Logistics, Inc. is an integrated air freight and logistics service provider.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-09 Altiris

Lindon, Utah, United States

Altiris, Inc. is a leading provider of service-oriented management software that enables IT organizations to easily manage, secure and service heterogeneous IT assets. Flexible solutions from Altiris help IT align services to drive business objectives, deliver audit-ready security, automate tasks, and reduce the cost and complexity of management.

Sell $830M
SELLER

General Atlantic

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 21 of 144
Sector (Internet Software and Services) 1 of 24
Type (Add-on Acquisition) 11 of 42
State (California) 3 of 20
Country (United States) 15 of 74
Year (2007) 1 of 10
Size (of disclosed) 26 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-06 Network Solutions

Herndon, Virginia, United States

Network Solutions LLC is a provider of online solutions for small businesses. Network Solutions provides a variety of Internet services, including domain name registration, e-mail services, Web-site hosting and creation tools, and other value-added services for its more than 4 million customers. Network Solutions LLC was established in 1979 and is based in Herndon, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-13 KCG Holdings

Jersey City, New Jersey, United States

KCG Holdings, Inc. is a securities firm offering services designed to address trading needs across asset classes, product types and time zones. KCG Holdings is based in Jersey City, New Jersey.

Buy -