M&A Deal Summary

Scripps Acquires Triton Digital

On October 17, 2018, Scripps acquired internet software and services company Triton Digital from Audioboom for 150M USD

Acquisition Highlights
  • This is Scripps’ 5th transaction in the Internet Software and Services sector.
  • This is Scripps’ 7th largest (disclosed) transaction.
  • This is Scripps’ 15th transaction in the United States.
  • This is Scripps’ 5th transaction in California.
Investment Fate
  • Triton Digital was divested to a consortium of strategic buyers in 2021 for 230M USD.

M&A Deal Summary

Date 2018-10-17
Target Triton Digital
Sector Internet Software and Services
Buyer(s) Scripps
Sellers(s) Audioboom
Deal Type Divestiture
Deal Value 150M USD
Advisor(s) Moelis & Co. (Financial)

Target

Triton Digital

Sherman Oaks, California, United States
Triton Digital LLC is an end-to-end software vendor to the digital audio marketplace, enabling audio streaming, advertising, audience measurement, and online presence to audio publishers. and Triton Digital provides services in over 40 countries, the Directors believe Triton to be one of the largest technology and service providers to the online audio industry. Triton Digital was founded in 2006 and is based in Sherman Oaks, California.

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Buyer(S) 1

Buyer

Scripps

Cincinnati, Ohio, United States

Category Company
Founded 1878
Sector Media
Employees5,200
Revenue 2.3B USD (2023)
DESCRIPTION

Scripps is a diverse media concern with interests in national lifestyle television networks, newspaper publishing, broadcast television, television retailing, interactive media and licensing and syndication. All of the company’s media businesses provide content and advertising services via the Internet. Scripps was founded in 1878 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 16 of 18
Sector (Internet Software and Services) 5 of 5
Type (Divestiture) 9 of 10
State (California) 5 of 5
Country (United States) 15 of 17
Year (2018) 1 of 2
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-27 The E. W. Scripps Company - Milwaukee Radio Stations

Cincinnati, Ohio, United States

The E. W. Scripps Company - Milwaukee Radio Stations includes WTMJ (620 AM and 103.3 FM) and WKTI (94.5 FM).

Sell $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Cordillera Communications - 15 Television Stations

Saint Paul, Minnesota, United States

Cordillera Communications LLC - 15 Television Stations are leaders in both ratings and revenue in 10 of 11 markets. Its history of consistently outperforming the competition is a credit to its deep community ties, highly qualified and dedicated employees, highly rated content, and award-winning news programming.

Buy -

Seller(S) 1

SELLER

Audioboom

Saint Helier, Channel Islands

Category Company
Sector Internet Software and Services
Employees37
Revenue 65M USD (2023)
DESCRIPTION

Audioboom is a SaaS based digital social media audio platform enabling the creation, broadcast and consumption of audio across multiple global media outlets. Audioboom works with some of the biggest names in broadcasting across sport, entertainment and current affairs to bring their content to millions of listeners worldwide via Facebook, Twitter and other media platforms. Audioboom is based in Saint Helier, Channel Islands.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-13 Triton Digital

Sherman Oaks, California, United States

Triton Digital LLC is an end-to-end software vendor to the digital audio marketplace, enabling audio streaming, advertising, audience measurement, and online presence to audio publishers. and Triton Digital provides services in over 40 countries, the Directors believe Triton to be one of the largest technology and service providers to the online audio industry. Triton Digital was founded in 2006 and is based in Sherman Oaks, California.

Buy $185M