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M&A Deal Summary

Maple Media Acquires WeatherSphere

On May 28, 2020, Maple Media acquired internet software and services company WeatherSphere from Scripps

Acquisition Highlights
  • This is Maple Media’s 1st transaction in the Internet Software and Services sector.
  • This is Maple Media’s 2nd transaction in the United States.
  • This is Maple Media’s 2nd transaction in California.

M&A Deal Summary
Date 2020-05-28
Target WeatherSphere
Sector Internet Software and Services
Buyer(s) Maple Media
Sellers(s) Scripps
Deal Type Divestiture

Target

WeatherSphere

Los Angeles, California, United States
WeatherSphere is a mobile weather app developer that brings the latest weather information needed to plan a day and stay safe. Its product NOAA Hi-Def Radar combines science with simplicity.

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Buyer(S) 1

Buyer

Maple Media

Los Angeles, California, United States
Category Company
Founded 2017
Sector Digital Media
DESCRIPTION

Maple Media is a mobile media, advertising and technology company which acquires, manages and operates mobile applications in the utility, productivity, games and entertainment verticals. Maple Media was founded in 2017 and is based in Los Angeles, California.

DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 Banana & Co.

Los Angeles, California, United States

Banana & Co., LLC is a provider of highly-rated classic and casual mobile games on the App Store and Google Play. Banana & Co., LLC was founded in 2013 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

Scripps

Cincinnati, Ohio, United States
Category Company
Founded 1878
Sector Media
Employees5,000
Revenue 2.5B USD (2024)
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 8 of 12
Sector: Internet Software and Services M&A 3 of 4
Type: Divestiture M&A Deals 7 of 11
State: California M&A 2 of 4
Country: United States M&A 7 of 11
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Cordillera Communications - 15 Television Stations

Saint Paul, Minnesota, United States

Cordillera Communications LLC - 15 Television Stations are leaders in both ratings and revenue in 10 of 11 markets. Its history of consistently outperforming the competition is a credit to its deep community ties, highly qualified and dedicated employees, highly rated content, and award-winning news programming.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-13 Stitcher

San Francisco, California, United States

Stitcher, Inc. is a mobile application for news and shows that allows users to discover radio shows, live radio stations and podcasts.

Sell $325M
Mergr

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