M&A Deal Summary

Time Acquires xoVain

On October 27, 2015, Time acquired internet software and services company xoVain from SAY Media

Acquisition Highlights
  • This is Time’s 5th transaction in the Internet Software and Services sector.
  • This is Time’s 9th transaction in the United States.
  • This is Time’s 4th transaction in New York.

M&A Deal Summary

Date 2015-10-27
Target xoVain
Sector Internet Software and Services
Buyer(s) Time
Sellers(s) SAY Media
Deal Type Divestiture

Target

xoVain

New York, New York, United States
xoVain is a operator of online website focused on women.

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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 11 of 14
Sector: Internet Software and Services M&A 5 of 5
Type: Divestiture M&A Deals 3 of 4
State: New York M&A 4 of 4
Country: United States M&A 9 of 11
Year: 2015 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-27 xoJane

New York, New York, United States

xoJane is a operator of online website focused on women.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 Viant

Irvine, California, United States

Viant is an advertising technology company, that offers a cloud-based platform enabling marketers to execute and measure their digital media investments. Viant was founded in 1999 and is based in Irvine, California.

Buy -

Seller(S) 1

SELLER

SAY Media

San Francisco, California, United States

Category Company
Sector Media
DESCRIPTION

SAY Media, Inc. is a provider of media services to independent content creators. It specializes in social publishing, distribution, and digital marketing. SAY Media is based in San Francisco, California.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: New York M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-27 xoJane

New York, New York, United States

xoJane is a operator of online website focused on women.

Sell -