M&A Deal Summary

NantWorks Acquires Tribune Publishing - Los Angeles Times & The San Diego Union-Tribune

On February 7, 2018, NantWorks acquired publishing company Tribune Publishing - Los Angeles Times & The San Diego Union-Tribune from Skyscene for 500M USD

Acquisition Highlights
  • This is NantWorks’ 1st transaction in the Publishing sector.
  • This is NantWorks’ largest (disclosed) transaction.
  • This is NantWorks’ 3rd transaction in the United States.
  • This is NantWorks’ 1st transaction in Illinois.

M&A Deal Summary

Date 2018-02-07
Target Tribune Publishing - Los Angeles Times & The San Diego Union-Tribune
Sector Publishing
Buyer(s) NantWorks
Sellers(s) Skyscene
Deal Type Divestiture
Deal Value 500M USD

Target

Tribune Publishing - Los Angeles Times & The San Diego Union-Tribune

Chicago, Illinois, United States
Tribune Publishing Co. - Los Angeles Times & The San Diego Union-Tribune is a daily newspapers which has been published in Los Angeles, California since 1881. It has the fourth-largest circulation among United States newspapers. From 2000 to 2018.

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Buyer(S) 1

Buyer

NantWorks

Culver City, California, United States

Category Company
Founded 2007
Sector Software
DESCRIPTION

NantWorks is a convergence of next generation machine vision, object and voice recognition technologies, ultra-low power semiconductors, supercomputing, and advanced networks for the purpose of bringing the digital revolution to healthcare, commerce and digital entertainment to an entirely new level. NantWorks was founded in 2007 and is based in Culver City, California.


DEAL STATS #
Overall 3 of 3
Sector (Publishing) 1 of 1
Type (Divestiture) 2 of 2
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 Integrity Healthcare

Princeton, New Jersey, United States

Integrity Healthcare LLC is a provider of personalized service to every physician, healthcare provider, and employer. Integrity Healthcare was founded in 2008 and is based in Princeton, New Jersey.

Buy -

Seller(S) 1

SELLER

Skyscene

San Diego, California, United States

Category Company
Sector Software
DESCRIPTION

Skyscene is an Aerial Imaging company that specializes in aerial survey and mapping utilizing a fixed wing micro UAV platform. Company can cover thousands of acres a day providing 2d Orthomosaics, Contour Maps, 3D Densified Pointclouds as well as having the ability to calculate all volumetrics on the property such as cut, fill, and total volume. These metrics are far greater than traditional ground survey because we can place an XYZ coordinate on every inch of the property getting an extremely accurate measurement.


DEAL STATS #
Overall 1 of 1
Sector (Publishing) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1