M&A Deal Summary

Berkshire Hathaway Acquires WPLG-TV10

On July 1, 2014, Berkshire Hathaway acquired media company WPLG-TV10 from Graham Holdings for 328M USD

Acquisition Highlights
  • This is Berkshire Hathaway’s 2nd transaction in the Media sector.
  • This is Berkshire Hathaway’s 32nd largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 57th transaction in the United States.
  • This is Berkshire Hathaway’s 2nd transaction in Florida.

M&A Deal Summary
Date 2014-07-01
Target WPLG-TV10
Sector Media
Buyer(s) Berkshire Hathaway
Sellers(s) Graham Holdings
Deal Type Divestiture
Deal Value 328M USD

Target

WPLG-TV10

Pembroke Park, Florida, United States
website
WPLG-TV10 operates a television channel in Florida.

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Buyer(S) 1

Buyer

Berkshire Hathaway

Omaha, Nebraska, United States

website

Category Company
Founded 1998
Sector Diversified
Employees360,000
Revenue 234.2B USD (2022)
DESCRIPTION
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.

Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Berkshire Hathaway was founded in 1998 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 59 of 69
Sector (Media) 2 of 2
Type (Divestiture) 7 of 9
State (Florida) 2 of 2
Country (United States) 57 of 64
Year (2014) 1 of 5
Size (of disclosed) 32 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-30 Phillips Specialty Products

United States

PPhillips Specialty Products, Inc. specializes in maximizing the flow potential of pipelines, increasing operational flexibility and throughput capacity and substantially increasing bottom-line profit potentials.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-26 Tim Hortons

Oakville, Ontario, Canada

Tim Hortons is a North American restaurant chain. Operating in the quick service segment of the restaurant industry, Tim Hortons offers a menu that includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos and espresso shots), specialty teas and fruit smoothies, fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared foods and other food products. Tim Hortons was formed in 1964 and is based in Oakville, Ontario.

Buy -

Seller(S) 1

SELLER

Graham Holdings

Arlington, Virginia, United States

website

Category Company
Founded 1877
Sector Diversified
Employees10,833
Revenue 3.9B USD (2022)
DESCRIPTION

Graham Holdings is a diversified education and media company whose principal operations include educational services; television broadcasting; online, print and local TV news; home health and hospice care; and custom manufacturing. The Company owns Kaplan, a leading global provider of educational services; Graham Media Group (WDIV–Detroit, KPRC–Houston, WKMG–Orlando, KSAT–San Antonio, WJXT–Jacksonville); The Slate Group (Slate and Panoply); and Foreign Policy. The Company also owns Trove, a social news aggregator; SocialCode, a leading social marketing solutions company; Celtic Healthcare and Residential Healthcare Group, home health and hospice providers; Joyce/Dayton Corp., a manufacturer of screw jacks, linear actuators and lifting systems; and Forney Corporation, a manufacturer of burners, igniters, dampers and controls for combustion processes in electric utility and industrial applications. Graham Holdings was founded in 1877 and is based in Arlington, Virginia.

DEAL STATS #
Overall 1 of 2
Sector (Media) 1 of 1
Type (Divestiture) 1 of 2
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 Joyce/Dayton

Dayton, Ohio, United States

Joyce/Dayton Corp., manufactures a line of machine and ball screw jacks, actuators and accessories, which provide the lifting and positioning requirements for a wide variety of applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-13 Group Dekko Holdings

Garrett, Indiana, United States

Group Dekko is a provider of highly engineered electrical, wire, plastic and metal subcomponents, finished products, fixtures and related assemblies for the office furniture, transportation, lighting, appliance, medical device and consumer product end markets. Utilizing over 190 active, pending, and provisional patents, Group Gekko has a broad range of manufacturing and assembly capabilities, including metal forming, stamping, powder coating, plastic molding and extrusion, product assembly, and built to order, highly customized products. The company is headquartered in Kendallville, Indiana.

Buy -
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