M&A Deal Summary |
|
|---|---|
| Date | 2018-01-03 |
| Target | Essence Communications |
| Sector | Media |
| Buyer(s) | Essence Ventures |
| Sellers(s) | Time |
| Deal Type | Divestiture |
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Essence Ventures LLC is an independent African-American owned company focused on merging content, community and commerce to meet the evolving cultural and lifestyle needs of women of color.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Media 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 |
| Category | Company |
|---|---|
| Founded | 1922 |
| Sector | Publishing |
| Employees | 7,200 |
| Revenue | 3.1B USD (2016) |
Time, Inc. is a media company that reaches more than 130 million consumers each month across multiple platforms. With influential brands such as TIME, PEOPLE, SPORTS ILLUSTRATED, InStyle, REAL SIMPLE, Wallpaper, Travel + Leisure and Food & Wine, Time Inc. is home to celebrated events and franchises including the FORTUNE 500, TIME 100, SPORTS ILLUSTRATED’s Sportsman of the Year, the Food & Wine Classic in Aspen and the ESSENCE Festival. The company is home to growing media platforms and extensions, including digital video, OTT, television, licensing, international markets, paid products and services and celebrated live events, such as the TIME 100, FORTUNE Most Powerful Women, PEOPLE’s Sexiest Man Alive, SPORTS ILLUSTRATED’s Sportsperson of the Year, the ESSENCE Festival and the FOOD & WINE Classic in Aspen.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 5 |
| Sector: Media M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 3 of 4 |
| State: New York M&A | 1 of 1 |
| Country: United States M&A | 3 of 5 |
| Year: 2018 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-11-30 |
Sunset
Oakland, California, United States Sunset is a lifestyle brand of the modern American West. In addition to its print and digital publications, Sunset showcases the West’s unique lifestyle and compelling destinations through its flagship events, established home programs, licensing partnerships, books, and international wine competition. Sunset was founded in 1898 and is based in Oakland, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-09 |
Viant
Irvine, California, United States Viant is an advertising technology company, that offers a cloud-based platform enabling marketers to execute and measure their digital media investments. Viant was founded in 1999 and is based in Irvine, California. |
Sell | - |
