Investment Summary

NBC Universal Exits TheGrio

On January 1, 2014, invested in digital media company TheGrio from NBC Universal

Investment Highlights
  • This is transaction in the Digital Media sector.
  • This is transaction in the United States.
  • This is transaction in New York.
Investment Fate
  • TheGrio was sold to a strategic buyer in 2016.

Investment Summary

Date 2014-01-01
Target TheGrio
Sector Digital Media
Sellers(s) NBC Universal
Deal Type Sold to Management

Target

TheGrio

New York, New York, United States
TheGrio is a digital video-centric news community platform devoted to providing African-Americans with compelling stories and perspectives currently underrepresented in existing national news outlets.

Search 215,029 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Seller(S) 1

SELLER

NBC Universal

New York, New York, United States

Category Company
Sector Media
Employees40,000
DESCRIPTION

NBCUniversal owns and operates a portfolio of news and entertainment television networks, a motion picture company, television production operations, a leading television stations group, theme parks, and a suite of Internet-based businesses.


DEAL STATS #
Overall 2 of 6
Sector: Digital Media M&A 2 of 3
Type: Sold to Management M&A Deals 2 of 2
State: New York M&A 1 of 3
Country: United States M&A 2 of 6
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-19 Hulu

Santa Monica, California, United States

Hulu, LLC provides an online video service that offers a selection of hit shows, clips, movies, and more. The company’s platform allows users to watch various types of videos, including television shows, movies, documentaries, video games, and clips on Hulu.com and on other sites across the Web.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-30 BuzzFeed

New York, New York, United States

BuzzFeed is an independent digital media and tech company delivering news and entertainment content to a global audience. The company covers breaking news, produces original video, and creates content that people want to share on the web. BuzzFeed was formed in 2006 and is based in New York, New York.

Buy -