M&A Deal Summary

Dotdash Meredith Acquires Meredith

On October 6, 2021, Dotdash Meredith acquired media company Meredith for 2.7B USD

Acquisition Highlights
  • This is Dotdash Meredith’s 1st transaction in the Media sector.
  • This is Dotdash Meredith’s largest (disclosed) transaction.
  • This is Dotdash Meredith’s 8th transaction in the United States.
  • This is Dotdash Meredith’s 1st transaction in Iowa.

M&A Deal Summary
Date 2021-10-06
Target Meredith
Sector Media
Buyer(s) Dotdash Meredith
Deal Type Add-on Acquisition
Deal Value 2.7B USD
Advisor(s) Moelis & Co. (Financial)
Cooley LLP (Legal)

Target

Meredith

Des Moines, Iowa, United States
website
Meredith's corporate headquarters in downtown Des Moines, Iowa.
Meredith's corporate headquarters in downtown Des Moines, Iowa.
Meredith is a media and marketing company spanning broadcast television, print, and digital. Meredith is a leader in creating content across media platforms in key consumer interest areas such as food, home, parenthood and health through well-known brands such as Better Homes and Gardens, Parents and Allrecipes. Meredith was formed in 1902 and is based in Des Moines, Iowa.

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Buyer(S) 1

Buyer

Dotdash Meredith

New York, New York, United States

website

Category Company
Founded 2017
Sector Digital Media
DESCRIPTION

Dotdash Meredith is a digital and print publishing company. Dotdash Meredith brands include PEOPLE, Better Homes & Gardens, Verywell, FOOD & WINE, The Spruce, Allrecipes, Byrdie, REAL SIMPLE, Investopedia, Southern Living and more. Dotdash Meredith is based in New York City and is an operating business of IAC.

DEAL STATS #
Overall 8 of 8
Sector (Media) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Iowa) 1 of 1
Country (United States) 8 of 8
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 Simply Recipes

United States

Simply Recipes, Inc. is an online family recipe blog focused on sharing well-crafted scratch cooking recipes for the home cook.

Buy -
Mergr

Product

Company

Legal