M&A Deal Summary

Rainbow Media Holdings Acquires Sundance Channel

On May 7, 2008, Rainbow Media Holdings acquired media company Sundance Channel from General Electric for 496M USD

Acquisition Highlights
  • This is Rainbow Media Holdings’ 1st transaction in the Media sector.
  • This is Rainbow Media Holdings’ largest (disclosed) transaction.
  • This is Rainbow Media Holdings’ 1st transaction in the United States.

M&A Deal Summary
Date 2008-05-07
Target Sundance Channel
Sector Media
Buyer(s) Rainbow Media Holdings
Sellers(s) General Electric
Deal Type Divestiture
Deal Value 496M USD

Target

Sundance Channel

United States
Sundance Channel LLC reaches nearly 30 million subscribers and offers a diverse and engaging selection of films, documentaries and original programs.

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Buyer(S) 1

Buyer

Rainbow Media Holdings

United States
Category Company
Sector Media
DESCRIPTION

Rainbow Media is a producer of multi-platform content for global distribution, creating and managing some of the world's most compelling and dynamic entertainment brands, including AMC, IFC, WE tv, Lifeskool, Sportskool, and VOOM HD Networks.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

General Electric

Boston, Massachusetts, United States
Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 67.6B USD (2023)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 15 of 44
Sector (Media) 1 of 2
Type (Divestiture) 13 of 38
Country (United States) 12 of 34
Year (2008) 1 of 1
Size (of disclosed) 14 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-14 Sensicore

Ann Arbor, Michigan, United States

Sensicore Inc., a company specializing in sensor systems and sensor networks water supply testing technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-27 Wizard Home Loans Pty

Sydney, Australia

Wizard Home Loans Pty Ltd is a non-bank lender, offers mortgage loans in Australia and New Zealand.

Sell -
Mergr

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