M&A Deal Summary

iHeartMedia Acquires Triton Digital

On February 17, 2021, iHeartMedia acquired internet software and services company Triton Digital from Scripps for 230M USD

Acquisition Highlights
  • This is iHeartMedia’s 3rd transaction in the Internet Software and Services sector.
  • This is iHeartMedia’s 2nd largest (disclosed) transaction.
  • This is iHeartMedia’s 7th transaction in the United States.
  • This is iHeartMedia’s 3rd transaction in California.

M&A Deal Summary
Date 2021-02-17
Target Triton Digital
Sector Internet Software and Services
Buyer(s) iHeartMedia
Sellers(s) Scripps
Deal Type Divestiture
Deal Value 230M USD

Target

Triton Digital

Sherman Oaks, California, United States
Triton Digital LLC is an end-to-end software vendor to the digital audio marketplace, enabling audio streaming, advertising, audience measurement, and online presence to audio publishers. and Triton Digital provides services in over 40 countries, the Directors believe Triton to be one of the largest technology and service providers to the online audio industry. Triton Digital was founded in 2006 and is based in Sherman Oaks, California.

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Buyer(S) 1

Buyer

iHeartMedia

San Antonio, Texas, United States
Category Company
Sector Media
Employees9,180
Revenue 3.8B USD (2023)
DESCRIPTION

iHeartMedia is a diversified media and entertainment company with three reportable business segments, iHeartMedia, Americas outdoor advertising, and International outdoor advertising. iHeartMedia is based in San Antonio, Texas.

DEAL STATS #
Overall 9 of 9
Sector (Internet Software and Services) 3 of 3
Type (Divestiture) 1 of 1
State (California) 3 of 3
Country (United States) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-23 Voxnest

Brooklyn, New York, United States

Voxnest, Inc. is a technology company that provides professional solutions for podcasters and brands looking to engage with listeners. The company's comprehensive tools for podcast creation, distribution, management, measurement, monetization, and advertising include Spreaker, catering to independent podcasters, Spreaker Enterprise, a turnkey platform for enterprises, and Dynamo, a standalone monetization solution that gives any podcaster, regardless of host or distribution platform, the ability to earn revenue using Voxnest's real-time, dynamic ad injection technology. Voxnest was founded in 2018 and is based in Brooklyn, New York. Voxnest was founded in 2018 and is based in Brooklyn, New York.

Buy -

Seller(S) 1

SELLER

Scripps

Cincinnati, Ohio, United States
Category Company
Founded 1878
Sector Media
Employees5,200
Revenue 2.3B USD (2023)
DESCRIPTION

Scripps is a diverse media concern with interests in national lifestyle television networks, newspaper publishing, broadcast television, television retailing, interactive media and licensing and syndication. All of the company’s media businesses provide content and advertising services via the Internet. Scripps was founded in 1878 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 11 of 11
Sector (Internet Software and Services) 4 of 4
Type (Divestiture) 10 of 10
State (California) 4 of 4
Country (United States) 10 of 10
Year (2021) 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-30 The E. W. Scripps Company - WPIX

Cincinnati, Ohio, United States

The E. W. Scripps Company - WPIX is a virtual and VHF digital channel 11, is a CW-affiliated television station licensed to New York, New York, United States.

Sell -
Mergr

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