M&A Deal Summary

Time Acquires HelloGiggles.com

On October 19, 2015, Time acquired internet software and services company HelloGiggles.com

Acquisition Highlights
  • This is Time’s 3rd transaction in the Internet Software and Services sector.
  • This is Time’s 7th transaction in the United States.
  • This is Time’s 1st transaction in California.

M&A Deal Summary

Date 2015-10-19
Target HelloGiggles.com
Sector Internet Software and Services
Buyer(s) Time
Deal Type Add-on Acquisition
Advisor(s) Telos Advisors (Financial)

Target

HelloGiggles.com

Los Angeles, California, United States
HelloGiggles.com, Inc. is an online community for women covering the latest in culture, female empowerment, style, relationships, friendship, careers, and news that matters most to young women’s lives.

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Buyer(S) 1

Buyer

Time

New York, New York, United States

Category Company
Founded 1922
Sector Publishing
Employees7,200
Revenue 3.1B USD (2016)
DESCRIPTION

Time, Inc. is a media company that reaches more than 130 million consumers each month across multiple platforms. With influential brands such as TIME, PEOPLE, SPORTS ILLUSTRATED, InStyle, REAL SIMPLE, Wallpaper, Travel + Leisure and Food & Wine, Time Inc. is home to celebrated events and franchises including the FORTUNE 500, TIME 100, SPORTS ILLUSTRATED’s Sportsman of the Year, the Food & Wine Classic in Aspen and the ESSENCE Festival. The company is home to growing media platforms and extensions, including digital video, OTT, television, licensing, international markets, paid products and services and celebrated live events, such as the TIME 100, FORTUNE Most Powerful Women, PEOPLE’s Sexiest Man Alive, SPORTS ILLUSTRATED’s Sportsperson of the Year, the ESSENCE Festival and the FOOD & WINE Classic in Aspen.


DEAL STATS #
Overall 9 of 14
Sector: Internet Software and Services M&A 3 of 5
Type: Add-on Acquisition M&A Deals 8 of 10
State: California M&A 1 of 3
Country: United States M&A 7 of 11
Year: 2015 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 inVNT

New York, New York, United States

inVNT LLC is an experiential company that specializes in live media, digital and traditional media, brand environments and creative services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-27 xoVain

New York, New York, United States

xoVain is a operator of online website focused on women.

Buy -