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  6. Monumental Sports & Entertainment Acquires Comcast s NBC Sports Washington

M&A Deal Summary

Monumental Sports & Entertainment Acquires Comcast s NBC Sports Washington

On September 20, 2022, Monumental Sports & Entertainment acquired media company Comcast s NBC Sports Washington from Comcast

Acquisition Highlights
  • This is Monumental Sports & Entertainment’s 1st transaction in the Media sector.
  • This is Monumental Sports & Entertainment’s 1st transaction in the United States.
  • This is Monumental Sports & Entertainment’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-09-20
Target Comcast s NBC Sports Washington
Sector Media
Buyer(s) Monumental Sports & Entertainment
Sellers(s) Comcast
Deal Type Divestiture

Target

Comcast s NBC Sports Washington

Philadelphia, Pennsylvania, United States
Comcast's NBC Sports Washington is the exclusive local TV rightsholder for Washington Wizards and Washington Capitals games. The network is available throughout the District of Columbia, Maryland and Virginia, as well as parts of Pennsylvania, Delaware and West Virginia.

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Buyer(S) 1

Buyer

Monumental Sports & Entertainment

Washington, District of Columbia, United States
Category Company
Sector Media
DESCRIPTION

Monumental Sports & Entertainment is a sports and entertainment company. Monumental Sports & Entertainment is based in Washington, District of Columbia.

DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Comcast

Philadelphia, Pennsylvania, United States
Category Company
Founded 1963
Sector Media
Employees182,000
Revenue 123.7B USD (2024)
DESCRIPTION
Comcast Center in downtown Philadelphia, Pennsylvania.
Comcast Center in downtown Philadelphia, Pennsylvania.

Comcast is a media and communications company that provides entertainment, information, and communications products and services in the United States and internationally. Comcast was incorporated in 1963 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Masergy

Plano, Texas, United States

Masergy is a provider of managed security and cloud communication solutions to global enterprises in more than 40 countries. It specializes in delivering real-time high-quality transport of enterprise applications, including voice, data, and video, through a single network connection. Masergy was founded in 2000 and is based in Plano, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-11 Nitel

Chicago, Illinois, United States

Nitel is a provider of internet connectivity and networking technology services to multi-site small and medium-sized enterprises (‘SMEs’). The Company has a portfolio of communications solutions and a modern platform which delivers reliable, high-performance services to its customers. Nitel was founded in 2003 and is based in Chicago, Illinois.

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