Investment Summary

Hearst Invests In ESPN

On November 9, 1990, Hearst invested in media company ESPN from Nabisco

Investment Highlights
  • This is Hearst’s 1st transaction in the Media sector.
  • This is Hearst’s 1st transaction in the United States.
  • This is Hearst’s 1st transaction in Connecticut.

Investment Summary
Date 1990-11-09
Target ESPN
Sector Media
Investor(s) Hearst
Sellers(s) Nabisco
Deal Type Stake Purchase

Target

ESPN

Bristol, Connecticut, United States
ESPN, Inc. operates as a multimedia sports entertainment company around the world.

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Investor(S) 1

Investor

Hearst

New York, New York, United States
Category Company
Founded 1887
Sector Media
Revenue 9.0B USD (2013)
DESCRIPTION

Hearst is a privately held American mass media and business information conglomerate founded by William Randolph Hearst in 1887. The Company operates in a wide range of industries, including publishing, broadcasting, entertainment, digital media, and real estate. Hearst owns over 360 businesses across the globe, including newspapers, magazines, television stations, cable networks, book publishers, and online media. Some of its most well-known brands include Cosmopolitan, Esquire, Harper's Bazaar, Elle, Marie Claire, Car and Driver, and Good Housekeeping. The company also owns a significant stake in ESPN and A&E Networks. Today, Hearst is one of the largest diversified media and information companies in the world. Hearst is based in New York City.

DEAL STATS #
Overall 1 of 29
Sector (Media) 1 of 6
Type (Stake Purchase) 1 of 2
State (Connecticut) 1 of 4
Country (United States) 1 of 26
Year (1990) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-17 The Locomotion Channel

Miami Beach, Florida, United States

The Locomotion Channel is an action-oriented animation pay television service targeting young adults aged 18-35 available in over 27 countries and 7 million homes throughout Latin America and Iberia (Spain and Portugal).

Buy -

Seller(S) 1

SELLER

Nabisco

Parsippany, New Jersey, United States
Category Company
Sector Food
DESCRIPTION
Nabisco plant in Naperville, Illinois.
Nabisco plant in Naperville, Illinois.

Nabisco, Inc. and its subsidiaries manufactures and distributes cookies, crackers, and other food products in the United States and in certain foreign countries.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Stake Purchase) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (1990) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1984-09-12 ESPN

Bristol, Connecticut, United States

ESPN, Inc. operates as a multimedia sports entertainment company around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-01 Favorite Brands

Kendallville, Indiana, United States

Favorite Brands International operated as a confections company in the U.S. It produced and sold marshmallow, fruit snack, and non-chocolate candy categories with a broad portfolio of products.

Buy -
Mergr

Product

Company

Legal