M&A Deal Summary

Knight-Ridder, Tribune Media, TEGNA, The McClatchy and Microsoft Acquire CareerBuilder

On July 18, 2000, Knight-Ridder, Tribune Media, TEGNA, The McClatchy and Microsoft acquired staffing company CareerBuilder

Acquisition Highlights
  • This is Knight-Ridder’s 1st, Tribune Media’s 1st, TEGNA’s 1st, The McClatchy’s 1st and Microsoft’s 1st transaction in the Staffing sector.
  • This is Knight-Ridder’s 1st, Tribune Media’s 2nd, TEGNA’s 4th, The McClatchy’s 1st and Microsoft’s 34th transaction in the United States.
  • This is Knight-Ridder’s 1st, Tribune Media’s 1st, TEGNA’s 1st, The McClatchy’s 1st and Microsoft’s 4th transaction in Illinois.
Investment Fate
  • CareerBuilder was divested to a consortium of buyers in 2017.

M&A Deal Summary

Date 2000-07-18
Target CareerBuilder
Sector Staffing
Buyer(s) Knight-Ridder
Tribune Media
TEGNA
The McClatchy
Microsoft
Deal Type Going Private

Target

CareerBuilder

Chicago, Illinois, United States
website
CareerBuilder provides comprehensive online recruiting products and services for job seekers and employers and has uniquely syndicated its trademarked technology and content to create a network of private-label career sites. CareerBuilder was founded in 1995 and is based in Chicago, Illinois.

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Buyer(S) 5

Buyer

Knight-Ridder

San Jose, California, United States

Category Company
Founded 1933
Sector Media
Employees18,500
DESCRIPTION

Knight-Ridder, Inc. is a media company, specializing in newspaper and Internet publishing.


DEAL STATS #
Overall 1 of 1
Sector (Staffing) 1 of 1
Type (Going Private) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 CareerBuilder

Chicago, Illinois, United States

CareerBuilder provides comprehensive online recruiting products and services for job seekers and employers and has uniquely syndicated its trademarked technology and content to create a network of private-label career sites. CareerBuilder was founded in 1995 and is based in Chicago, Illinois.

Sell -
Buyer

Tribune Media

Chicago, Illinois, United States

website


Category Company
Founded 1847
Sector Media
Employees8,000
Revenue 1.8B USD (2017)
DESCRIPTION
The Tribune Co.'s corporate headquarters on Michigan Avenue in downtown Chicago, Illinois.
The Tribune Co.'s corporate headquarters on Michigan Avenue in downtown Chicago, Illinois.

Tribune Media Co. is home to a diverse portfolio of television and digital properties driven by quality news, entertainment, and sports programming. Tribune Media is comprised of Tribune Media Broadcasting’s 42 owned or operated local television stations reaching approximately 50 million households, national entertainment cable network WGN America, whose reach is more than 77 million households, and a variety of digital applications and websites commanding 54 million monthly unique visitors online. Tribune Media also includes Chicago’s WGN-AM and the national multicast networks Antenna TV and THIS TV, and Covers Media Group, an unrivaled source of online sports betting information. Additionally, the Company owns and manages a significant number of real estate properties across the U.S. and holds a variety of investments, including a 31% interest in Television Food Network, G.P., which operates Food Network and Cooking Channel.


DEAL STATS #
Overall 2 of 7
Sector (Staffing) 1 of 1
Type (Going Private) 1 of 1
State (Illinois) 1 of 3
Country (United States) 2 of 7
Year (2000) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-06 Southern Connecticut Newspapers

Greenwich, Connecticut, United States

Southern Connecticut Newspapers, Inc. is a provider of newspaper publishing services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-15 Jeppesen

Englewood, Colorado, United States

Jeppesen provides a full range of print and electronic flight information services, including navigation data, computerized flight planning, aviation software products, aviation weather services, maintenance information, and pilot training systems and supplies. Jeppesen counts among its customer base the majority of airlines around the world and all US airlines. It also serves the large general aviation and business aviation markets.

Sell $1.5B
Buyer

TEGNA

Tysons, Virginia, United States

website


Category Company
Founded 1906
Sector Media
Employees6,430
Revenue 2.9B USD (2020)
DESCRIPTION

TEGNA is a diversified media company. The Company operates through two business segments, Media and Digital. The Media segment comprises of 46 television stations in 38 markets. The Digital segment consists of the Cars.com (formerly Classified Ventures LLC) and CareerBuilder businesses. TEGNA, Inc. was formerly known as Gannett Co. TEGNA was originally established in 1906 and is based in Tysons, Virginia.


DEAL STATS #
Overall 4 of 26
Sector (Staffing) 1 of 1
Type (Going Private) 1 of 1
State (Illinois) 1 of 2
Country (United States) 4 of 26
Year (2000) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-28 Central Newspapers

Phoenix, Arizona, United States

Central Newspapers is a media and information company. Through its flagship newspapers The Arizona Republic and The Indianapolis Star, Central publishes the only major dailies in the greater Phoenix metropolitan area and central Indiana, and also operates those markets' leading local Internet portals, azcentral.com in Arizona and indy.com in Indianapolis.

Buy $2.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-31 Clipper Magazine

Mountville, Pennsylvania, United States

Clipper Magazine LLC is an independent direct-mail advertising magazine companies. Clipper Magazine has grown from a single four-page campus advertising publication to over 320 individual market editions in 23 states.

Buy -
Buyer

The McClatchy

Sacramento, California, United States

website


Category Company
Founded 1860
Sector Publishing
Employees2,800
Revenue 710M USD (2019)
DESCRIPTION

The McClatchy Company is a news and information provider dedicated to the values of quality journalism, free expression and community service. McClatchy's operations include 29 daily newspapers, community newspapers, leading local websites, mobile news and advertising, niche publications, direct marketing and direct mail services. The McClatchy was founded in 1857 and is based in Sacramento, California.


DEAL STATS #
Overall 1 of 4
Sector (Staffing) 1 of 1
Type (Going Private) 1 of 1
State (Illinois) 1 of 2
Country (United States) 1 of 4
Year (2000) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-06 ShopLocal

Chicago, Illinois, United States

Cofactor Digital is a digital marketing solutions provider, that connects online and offline shoppers across all channels and devices. Cofactor Digital was established in 1999 and is headquartered in Chicago, Illinois.

Buy $75M
Buyer

Microsoft

Redmond, Washington, United States

website


Category Company
Founded 1975
Sector Software
Employees221,000
Revenue 211.9B USD (2023)
DESCRIPTION
Entrance to Microsoft's corporate headquarters in Redmond, Washington.
Entrance to Microsoft's corporate headquarters in Redmond, Washington.

Microsoft is a global technology company that offers a broad spectrum of software products, services, and devices designed to help individuals and organizations across various sectors. Its extensive portfolio includes the Windows operating systems, the Microsoft Office suite for productivity, and the Azure cloud computing platform, providing solutions for computing, analytics, storage, and networking. Microsoft also delves into enterprise applications with Dynamics 365, connects professionals via LinkedIn, and engages gamers through its Xbox brand and related services. Additionally, it offers internet services such as Bing for web search, Outlook.com for email, and Skype for communication. Microsoft was formed in 1975 and is based in Redmond, Washington.


DEAL STATS #
Overall 40 of 213
Sector (Staffing) 1 of 1
Type (Going Private) 1 of 1
State (Illinois) 4 of 5
Country (United States) 34 of 153
Year (2000) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-12 NetGames USA

Kansas, United States

NetGames USA, a leading developer of scoring, matchmaking and other enhancements for retail and Web-based games.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-13 MongoMusic

Redwood City, California, United States

MongoMusic Inc., a leading innovator in digital music infrastructure noted for its strong collaborative approach with record labels and artists.

Buy -