M&A Deal Summary

Apple Acquires Next Issue Media

On March 12, 2018, Apple acquired digital media company Next Issue Media from KKR

Acquisition Highlights
  • This is Apple’s 2nd transaction in the Digital Media sector.
  • This is Apple’s 60th transaction in the United States.
  • This is Apple’s 41st transaction in California.

M&A Deal Summary

Date 2018-03-12
Target Next Issue Media
Sector Digital Media
Buyer(s) Apple
Sellers(s) KKR
Deal Type Add-on Acquisition

Target

Next Issue Media

Palo Alto, California, United States
Next Issue Media LLC is a world’s most popular magazines to life on the digital device of your choice. Texture brings over 200 of the world’s best magazines to life, providing an easy way for users to read high-quality stories and entire issues of their favorite titles. With Texture, users enjoy the magazines they know and love, while discovering new content that fits their passions and interests.

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Buyer(S) 1

Buyer

Apple

Cupertino, California, United States

Category Company
Founded 1977
Sector Technology Hardware
Employees164,000
Revenue 391.0B USD (2024)
DESCRIPTION

Apple is a diversified technology company offering technology hardware, software, and media. Apple sells a line of computers, cell phones, tablets - as well as manages an ecosystem of apps. Apple was founded in 1977 and is based in Cupertino, California.


DEAL STATS #
Overall 91 of 113
Sector: Digital Media M&A 2 of 5
Type: Add-on Acquisition M&A Deals 91 of 112
State: California M&A 41 of 48
Country: United States M&A 60 of 71
Year: 2018 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 Buddybuild

Vancouver, British Columbia, Canada

Doe Pics Hit, Inc. is a continuous integration, continuous deployment, and user feedback platform for development teams. Doe Pics Hit, Inc. was founded in 2015 and is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-01 Camerai

United States

Buy -

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 108 of 215
Sector: Digital Media M&A 2 of 3
Type: Add-on Acquisition M&A Deals 39 of 69
State: California M&A 8 of 20
Country: United States M&A 50 of 94
Year: 2018 M&A 5 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-07 Heartland Dental

Effingham, Illinois, United States

Heartland Dental is a dental support organization, providing non-clinical administrative support services to over 840 offices and more than 1,300 supported dentists across 35 states. Heartland Dental partners with its supported dentists to deliver high quality care across the full spectrum of dental services. Heartland Dental was founded in 1997 and is headquartered in Effingham, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-20 Cue Group

Shanghai, China

Cue Group is a one-stop digital marketing company for the Chinese market. Cue is a differentiated approach to digital marketing with increased scale, greater technological resources, and new integration capabilities to deliver for customers a full suite of digital marketing solutions. Cue clients include leading consumer brands, financial institutions, online game companies, and internet service providers. Cue Group was founded in 2018 and is based in Shanghai, China.

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