M&A Deal Summary

Avantax Acquires HowStuffWorks

On April 21, 2014, Avantax acquired internet software and services company HowStuffWorks from Warner Bros. Discovery for 45M USD

Acquisition Highlights
  • This is Avantax’s 5th transaction in the Internet Software and Services sector.
  • This is Avantax’s 7th largest (disclosed) transaction.
  • This is Avantax’s 9th transaction in the United States.
  • This is Avantax’s 1st transaction in Georgia.

M&A Deal Summary

Date 2014-04-21
Target HowStuffWorks
Sector Internet Software and Services
Buyer(s) Avantax
Sellers(s) Warner Bros. Discovery
Deal Type Divestiture
Deal Value 45M USD

Target

HowStuffWorks

Atlanta, Georgia, United States
website
HowStuffWorks LLC is an internet destination featuring explanations on various topics.

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Buyer(S) 1

Buyer

Avantax

Coppell, Texas, United States

website


Category Company
Founded 1983
Sector Financial Services
Employees727
Revenue 666M USD (2022)
DESCRIPTION

Avantax delivers tax-focused financial planning and wealth management solutions for financial professionals, tax professionals and CPA firms, supporting its goal of minimizing clients’ tax burdens through comprehensive tax-focused financial planning. Avantax has two distinct, but related, models within its business: the independent Financial Professional model and the employee-based model. Avantax was incorporated in 1983 and is based in Coppell, Texas.


DEAL STATS #
Overall 12 of 18
Sector (Internet Software and Services) 5 of 6
Type (Divestiture) 2 of 2
State (Georgia) 1 of 1
Country (United States) 9 of 15
Year (2014) 1 of 1
Size (of disclosed) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-22 Monoprice

Rancho Cucamonga, California, United States

Monoprice, Inc. (dba MonoPrice.com) is an e-commerce provider specializing in high-quality yet affordable consumer electronics and tech products, including a wide variety of cables, home theater equipment, networking and IT gear, mobile accessories, PC and gaming accessories, and pro audio equipment.

Buy $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 H.D. Vest

Irving, Texas, United States

H.D. Vest, Inc. (dba H.D. Vest Financial Services) is an independent broker/dealer providing tax professionals with the products, training, and support to deliver independent financial solutions to retail investors.

Buy $580M

Seller(S) 1

SELLER

Warner Bros. Discovery

Silver Spring, Maryland, United States

website


Category Company
Founded 1985
Sector Media
Employees11,000
Revenue 12.2B USD (2021)
DESCRIPTION
Discovery Communications' corporate headquarters in Silver Spring, Maryland.
Discovery Communications' corporate headquarters in Silver Spring, Maryland.

Warner Bros. Discovery is a global media company that provides content across multiple distribution platforms, including pay-TV, free-to-air and broadcast television, websites, digital distribution arrangements and content licensing agreements. The Company's portfolio of networks includes television brands such as Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science and Velocity (known as Turbo outside of the U.S.). Discovery also operates a diversified portfolio of production studios, websites and curriculum-based education products and services. Warner Bros. Discovery was formed in 1985 and is based in Silver Spring, Maryland.


DEAL STATS #
Overall 4 of 8
Sector (Internet Software and Services) 1 of 2
Type (Divestiture) 3 of 7
State (Georgia) 1 of 1
Country (United States) 3 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-21 Eurosport

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-08 All3Media

London, United Kingdom

All3Media Ltd. an independent TV production companies. It comprises over 15 companies and 28 creative centres based in the UK, the US, Germany, the Netherlands and Australasia.

Buy £550M