M&A Deal Summary |
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Date | 2019-11-05 |
Target | Nexstar Media Group - Stations |
Sector | Media |
Buyer(s) | Fox |
Sellers(s) | Nexstar Media Group |
Deal Type | Divestiture |
Deal Value | 350M USD |
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Fox produces and distributes compelling news, sports, and entertainment content through its iconic domestic brands including FOX News, FOX Sports, the FOX Network, and the FOX Television Stations. These brands hold cultural significance with consumers and commercial importance for distributors and advertisers. The breadth and depth of Fox footprint allow to deliver content that engages and informs audiences, develops deeper consumer relationships and creates more compelling product offerings. FOX maintains an impressive track record of news, sports, and entertainment industry success that will shape our strategy to capitalize on current strengths and invest in new initiatives. Fox was founded in 2018 and is based in New York, New York.
DEAL STATS | # |
---|---|
Overall | 2 of 4 |
Sector (Media) | 1 of 1 |
Type (Divestiture) | 1 of 1 |
State (Texas) | 1 of 1 |
Country (United States) | 2 of 4 |
Year (2019) | 2 of 2 |
Size (of disclosed) | 2 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2019-08-04 |
Credible Labs
San Francisco, California, United States Credible Labs, Inc. is a U.S. company based in San Francisco which operates a consumer finance marketplace that helps consumers save money and make better financial decisions. Credible has developed a proprietary technology platform that is integrated with credit bureaus and financial institutions. Credible has developed a differentiated, and personalized user experience that enables consumers to compare instant, accurate prequalified rates from multiple financial institutions for student loans, personal loans, and mortgages. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2020-03-17 |
Tubi
San Francisco, California, United States Tubi, Inc. is a streaming service provider. Watch free movies and TV shows online in HD on any device. Tubi was established in 2014 and is based in San Francisco, California. |
Buy | $440M |
Category | Company |
---|---|
Founded | 1996 |
Sector | Media |
Employees | 11,877 |
Revenue | 4.9B USD (2023) |
Nexstar Media Group is a media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Nexstar owns, operates, programs or provides sales and other services to 170 television stations and related digital multicast signals reaching 100 markets or approximately 39% of all U.S. television households. Nexstar Media Group was founded in 1996 and is based in Irving, Texas.
DEAL STATS | # |
---|---|
Overall | 2 of 4 |
Sector (Media) | 2 of 3 |
Type (Divestiture) | 2 of 4 |
State (Texas) | 1 of 1 |
Country (United States) | 2 of 4 |
Year (2019) | 1 of 1 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-12-03 |
Tribune Media
Chicago, Illinois, United States Tribune Media Co. is home to a diverse portfolio of television and digital properties driven by quality news, entertainment, and sports programming. Tribune Media is comprised of Tribune Media Broadcasting’s 42 owned or operated local television stations reaching approximately 50 million households, national entertainment cable network WGN America, whose reach is more than 77 million households, and a variety of digital applications and websites commanding 54 million monthly unique visitors online. Tribune Media also includes Chicago’s WGN-AM and the national multicast networks Antenna TV and THIS TV, and Covers Media Group, an unrivaled source of online sports betting information. Additionally, the Company owns and manages a significant number of real estate properties across the U.S. and holds a variety of investments, including a 31% interest in Television Food Network, G.P., which operates Food Network and Cooking Channel. |
Buy | $6.4B |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2020-12-16 |
BestReviews
Sparks, Nevada, United States BestReviews is an online product review company. BestReviews simplifies the way consumers buy the products and services they need across thousands of categories from laptops to vacuum cleaners to rowing machines. All products on the BestReviews site are thoroughly and independently researched. The company buys all of its products and tests them in its own labs to help consumers find the best overall products and the best buys for the dollar. BestReviews was founded in 2014 and is based in Sparks, Nevada. |
Buy | $160M |