M&A Deal Summary |
|
|---|---|
| Date | 2018-11-09 |
| Target | Meredith - FORTUNE Media Brand |
| Sector | Media |
| Buyer(s) | Fortune Media Group Holdings |
| Sellers(s) | Meredith |
| Deal Type | Divestiture |
| Deal Value | 150M USD |
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Fortune Media Group Holdings Ltd. is a provider of media services. Fortune Media Group Holdings is based in the United States.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Media) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Iowa) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
Meredith is a media and marketing company spanning broadcast television, print, and digital. Meredith is a leader in creating content across media platforms in key consumer interest areas such as food, home, parenthood and health through well-known brands such as Better Homes and Gardens, Parents and Allrecipes. Meredith was formed in 1902 and is based in Des Moines, Iowa.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 10 |
| Sector (Media) | 3 of 5 |
| Type (Divestiture) | 4 of 9 |
| State (Iowa) | 1 of 3 |
| Country (United States) | 4 of 9 |
| Year (2018) | 4 of 5 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-01 |
Time
New York, New York, United States 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. |
Sell | $190M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-12-18 |
Drive
New York, New York, United States The Drive publishes a wide range of automotive and transportation content including breaking news stories, reviews, incisive op-eds, and investigative features. The Drive was founded in 2015 and is based in New York. |
Sell | - |
