M&A Deal Summary

News Acquires Investor s Business Daily

On March 25, 2021, News Corp. acquired digital media company Investor's Business Daily, Inc. from O’Neil Capital Management for 275M USD

Acquisition Highlights
  • This is News’ 4th transaction in the Digital Media sector.
  • This is News’ 9th largest (disclosed) transaction.
  • This is News’ 12th transaction in the United States.
  • This is News’ 6th transaction in California.

M&A Deal Summary

Date 2021-03-25
Target Investor's Business Daily, Inc.
Sector Digital Media
Buyer(s) News Corp.
Sellers(s) O’Neil Capital Management
Deal Type Add-on Acquisition
Deal Value 275M USD

Target

Investor's Business Daily, Inc.

Los Angeles, California, United States
website
Investor’s Business Daily provides proprietary stock screens, comparative performance ratings, and unique commentary helping investors zero in on top-performing growth stocks. IBD provides the buy rules and sells rules to properly make trading decisions that will minimize your risk and maximize your potential profit. IBD offers individual and professional investors a comprehensive lineup of print and online products, all based on a powerful investing system that has dramatically outperformed the S&P 500. Investor’s Business Daily was formed in 1984 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

News Corp.

New York, New York, United States

website


Category Company
Founded 1979
SectorMedia
Employees23,500
Revenue 9.0B USD (2020)
DESCRIPTION

News is a diversified international media and entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin. News was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 22 of 23
Sector (Digital Media) 4 of 4
Type (Add-on Acquisition) 16 of 16
State (California) 6 of 6
Country (United States) 12 of 13
Year (2021) 1 of 2
Size (of disclosed) 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-31 News America Marketing Properties LLC

New York, New York, United States

News America Marketing Properties LLC is a marketing services company that provides advertising and promotion programs to well-known brands, and its broad network of shopper media, incentive platforms and custom merchandising services influences the purchasing decisions of online and offline shoppers across the U.S. and Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Oil Price Information Service LLC

Rockville, Maryland, United States

OPIS is a provider of oil industry pricing, news, analysis, and software. OPIS also provides edge software solutions for petroleum marketers looking to automate price collection, data storage, and repricing of dealer and commercial accounts. OPIS was founded in 1977 and is headquartered in Rockville, Maryland.

Buy $1.2B

Seller(S) 1

SELLER

O’Neil Capital Management

Investor Investor Investor Investor

website


Category Private Equity Firm
SizeSmall
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1