M&A Deal Summary

NBC Universal Acquires TheGrio

On January 1, 2010, NBC Universal acquired digital media company TheGrio

Acquisition Highlights
  • This is NBC Universal’s 2nd transaction in the Digital Media sector.
  • This is NBC Universal’s 6th transaction in the United States.
  • This is NBC Universal’s 3rd transaction in New York.
Investment Fate
  • TheGrio was sold to management in 2014.
  • TheGrio was sold to a strategic buyer in 2016.

M&A Deal Summary

Date 2010-01-01
Target TheGrio
Sector Digital Media
Buyer(s) NBC Universal
Deal Type Add-on Acquisition

Target

TheGrio

New York, New York, United States
TheGrio is a digital video-centric news community platform devoted to providing African-Americans with compelling stories and perspectives currently underrepresented in existing national news outlets.

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Buyer(S) 1

Buyer

NBC Universal

New York, New York, United States

Category Company
Sector Media
Employees40,000
DESCRIPTION

NBCUniversal owns and operates a portfolio of news and entertainment television networks, a motion picture company, television production operations, a leading television stations group, theme parks, and a suite of Internet-based businesses.


DEAL STATS #
Overall 7 of 13
Sector: Digital Media M&A 2 of 3
Type: Add-on Acquisition M&A Deals 3 of 6
State: New York M&A 3 of 4
Country: United States M&A 6 of 11
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-06 The Weather Company

Atlanta, Georgia, United States

The Weather Company is the owner of The Weather Channel and provides people with weather forecasts, content and data, connecting with them through television, online, mobile and tablet screens. Through WSI and Weather Central, the company delivers professional weather services for the media, aviation, marine and energy sectors.

Buy $3.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-06 Universal Orlando

Orlando, Florida, United States

Universal Orlando is comprised of Universal Studios Florida, a theme park focused primarily on 'stationary' entertainment; Islands of Adventure, a ?thrill ride? oriented park based on 5 distinct island themes; and CityWalk, a night life entertainment and restaurant complex.

Buy $1.0B