M&A Deal Summary

CBS Local Digital Media Group Acquires Eventful

On July 23, 2014, CBS Local Digital Media Group acquired internet software and services company Eventful

Acquisition Highlights
  • This is CBS Local Digital Media Group’s 1st transaction in the Internet Software and Services sector.
  • This is CBS Local Digital Media Group’s 1st transaction in the United States.
  • This is CBS Local Digital Media Group’s 1st transaction in California.

M&A Deal Summary

Date 2014-07-23
Target Eventful
Sector Internet Software and Services
Buyer(s) CBS Local Digital Media Group
Deal Type Add-on Acquisition
Advisor(s) Pagemill Partners (Financial)

Target

Eventful

San Diego, California, United States
Eventful, Inc., is a digital media company.

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Buyer(S) 1

Buyer

CBS Local Digital Media Group

New York, New York, United States

Category Company
Founded 2010
Sector Media
DESCRIPTION

CBS Local Digital Media Group. Combining the assets of CBS’s owned and operated television and news/sports/talk radio stations; CBS Local Digital Media brings together the most trusted brands in media offering visitors a truly “local” experience. Websites and mobile applications have been launched in 25 markets and include the latest news, traffic, weather and sports headlines, as well as a question and answer service, daily CBS Local Offers, Best of Guides, and business directories.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1