M&A Deal Summary

Cheddar Media Acquires Rate My Professors

On October 25, 2018, Cheddar Media acquired internet software and services company Rate My Professors from Viacom

Acquisition Highlights
  • This is Cheddar Media’s 1st transaction in the Internet Software and Services sector.
  • This is Cheddar Media’s 1st transaction in the United States.
  • This is Cheddar Media’s 1st transaction in New York.

M&A Deal Summary

Date 2018-10-25
Target Rate My Professors
Sector Internet Software and Services
Buyer(s) Cheddar Media
Sellers(s) Viacom
Deal Type Divestiture

Target

Rate My Professors

New York, New York, United States
Rate My Professors is a site and app used by more than 6 million college students a month to author an average of 125,000 new professor and class ratings monthly (seasonally peaking at 7 million and 300,000 respectively). Rate My Professors is based in New York.

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Buyer(S) 1

Buyer

Cheddar Media

New York, New York, United States

Category Company
Founded 2016
Sector Digital Media
DESCRIPTION

Cheddar Media is a post-cable networks company. Cheddar currently broadcasts two live video news networks: Cheddar Business, which covers the most innovative executives, founders, products, and technologies transforming our lives and economy. Cheddar Media was founded in 2016 and is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Viacom

New York, New York, United States

Category Company
Founded 2005
Sector Media
Revenue 12.9B USD (2018)
DESCRIPTION

Viacom is a global media company which is home to a variety of entertainment brands that connect with audiences through compelling content across television, motion picture, online and mobile platforms in over 160 countries and territories. Viacom was founded in 2005 and is based in New York, New York.


DEAL STATS #
Overall 4 of 4
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: New York M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-28 AwesomenessTV

Los Angeles, California, United States

AwesomenessTV is a multi-platform media company defining the future of entertainment. Included under the Awesomeness banner are AwesomenessTV, a destination for original programming serving the global Gen Z audience, Awesomeness Films, DreamWorksTV, and Awestruck. Investors include Comcast NBCUniversal, Verizon and Hearst.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Pluto TV

Los Angeles, California, United States

Pluto TV is a free streaming television service in America, delivering 100+ live and original channels and thousands of on-demand movies in partnership with major TV networks, movie studios, publishers, and digital media companies. Pluto TV is available on all mobile, web and connected TV streaming devices and millions of viewers tune in each month to watch premium news, TV shows, movies, sports, lifestyle and trending digital series. Headquartered in Los Angeles, Pluto TV has offices in New York, Silicon Valley, Chicago, and Berlin.

Buy -