Investment Summary

Nine Entertainment Invests In CarAdvice.com

On September 14, 2016, Nine Entertainment invested in digital media company CarAdvice.com

Investment Highlights
  • This is Nine Entertainment’s 1st transaction in the Digital Media sector.
  • This is Nine Entertainment’s 1st transaction in Australia.

Investment Summary

Date 2016-09-14
Target CarAdvice.com
Sector Digital Media
Investor(s) Nine Entertainment
Deal Type Stake Purchase

Target

CarAdvice.com

McMahons Point, Australia
CarAdvice.com.au Pty Ltd. is a publisher of online automotive editorial content in Australia. CarAdvice.com is where Australians turn to for the most comprehensive independent editorial reviews of new cars. With a unique monthly audience of over 619,000*, CarAdvice is Australia’s largest independent automotive content publisher.

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Investor(S) 1

Investor

Nine Entertainment

North Sydney, Australia

Category Company
Founded 1956
Sector Media
Employees2,369
Revenue 2.6B USD (2024)
DESCRIPTION

Nine Entertainment is an integrated media group with assets in free-to-air (FTA) TV, magazines, the internet, and entertainment. Nine Entertainment was founded in 1956 and is based in North Sydney, Australia.


DEAL STATS #
Overall 1 of 2
Sector: Digital Media M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Australia M&A 1 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-16 TEG

Sydney, Australia

TEG is a live entertainment and ticketing company that operates as the exclusive ticketing provider for over 135 venue and promoter clients and delivers 30 million tickets annually for over 30,000 events spanning live sports, concerts, theatre, festivals, and exhibitions across more than 13 countries. TEG is based in Sydney, New South Wales.

Sell $640M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Fairfax Media

Pyrmont, Australia

Fairfax Media is a diversified media company with operations that include newspapers, magazines, radios and digital media. Fairfax Media was formed in 1841 and is based in Pyrmont, Australia.

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