M&A Deal Summary

Time Acquires UK Cycling Events

On February 5, 2015, Time acquired gaming company UK Cycling Events

Acquisition Highlights
  • This is Time’s 1st transaction in the Gaming sector.
  • This is Time’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2015-02-05
Target UK Cycling Events
Sector Gaming
Buyer(s) Time
Deal Type Add-on Acquisition

Target

UK Cycling Events

United Kingdom
UK Cycling Events is the provider of both Road and MTB sportives in the UK, with over 60,000 riders taking part in over 50 events in 2014. It is the organiser of several well-known series’ of cycling events including the; Wiggle Super Series, Cycling Weekly Sportive Series and the Ordnance Survey Spin Series.

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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 6 of 14
Sector: Gaming M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 10
Country: United Kingdom M&A 2 of 2
Year: 2015 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 Cozi

Seattle, Washington, United States

Cozi is a technology company dedicated to simplifying everyday life, easing communication, and connecting busy families. Its signature product, Cozi Family Organizer, has more than 10 million users and is the leading solution for busy families to manage schedules and activities, track grocery, shopping, and to-do lists, plan meals and store recipes, and organize household chores and keep family memories. Cozi was formed in 2005 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-26 FanSided

Nixa, Montana, United States

FanSided LLC is a sport, entertainment and lifestyle network of more than 300 websites with thriving communities. FanSided was founded in 2009 and is based in Nixa, Montana.

Buy -