M&A Deal Summary

Tribune Media Acquires Gracenote

On December 23, 2013, Tribune Media acquired information technology company Gracenote from Sony for 170M USD

Acquisition Highlights
  • This is Tribune Media’s 1st transaction in the Information Technology sector.
  • This is Tribune Media’s 3rd largest (disclosed) transaction.
  • This is Tribune Media’s 7th transaction in the United States.
  • This is Tribune Media’s 1st transaction in California.
Investment Fate
  • Gracenote was divested to a consortium of strategic buyers in 2016 for 560M USD.

M&A Deal Summary

Date 2013-12-23
Target Gracenote
Sector Information Technology
Buyer(s) Tribune Media
Sellers(s) Sony
Deal Type Divestiture
Deal Value 170M USD

Target

Gracenote

Emeryville, California, United States
Gracenote, Inc. is a provider of embedded technology, enriched content, and data services for digital entertainment solutions within the Internet, consumer electronics, mobile, and automotive markets.

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Buyer(S) 1

Buyer

Tribune Media

Chicago, Illinois, United States

Category Company
Founded 1847
Sector Media
Employees8,000
Revenue 1.8B USD (2017)
DESCRIPTION
The Tribune Co.'s corporate headquarters on Michigan Avenue in downtown Chicago, Illinois.
The Tribune Co.'s corporate headquarters on Michigan Avenue in downtown Chicago, Illinois.

Tribune Media Co. is home to a diverse portfolio of television and digital properties driven by quality news, entertainment, and sports programming. Tribune Media is comprised of Tribune Media Broadcasting’s 42 owned or operated local television stations reaching approximately 50 million households, national entertainment cable network WGN America, whose reach is more than 77 million households, and a variety of digital applications and websites commanding 54 million monthly unique visitors online. Tribune Media also includes Chicago’s WGN-AM and the national multicast networks Antenna TV and THIS TV, and Covers Media Group, an unrivaled source of online sports betting information. Additionally, the Company owns and manages a significant number of real estate properties across the U.S. and holds a variety of investments, including a 31% interest in Television Food Network, G.P., which operates Food Network and Cooking Channel.


DEAL STATS #
Overall 7 of 7
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 7 of 7
Year (2013) 3 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 Chicago Tribune

Chicago, Illinois, United States

Chicago Tribune Company a multi-platform company, publishes newspaper and a magazine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 Tribune Publishing

Chicago, Illinois, United States

Tribune Publishing is a media company rooted in award-winning journalism. Headquartered in Chicago, tronc operates newsrooms in 8 markets with titles including the Chicago Tribune, New York Daily News, The Baltimore Sun, Orlando Sentinel, South Florida's Sun-Sentinel, Daily Press, The Morning Call of Allentown, Pennsylvania, and Hartford Courant. Our legacy of brands has earned a combined 57 Pulitzer Prizes and is committed to informing, inspiring and engaging local communities. Tribune Publishing was founded in 2013 and is based in Chicago, Illinois.

Sell -

Seller(S) 1

SELLER

Sony

Tokyo, Japan

Category Company
Founded 1946
Sector Electronics
Employees108,900
Revenue 11.54T JPY (2023)
DESCRIPTION
Entrance to Sony's corporate headquarters in Tokyo, Japan.
Entrance to Sony's corporate headquarters in Tokyo, Japan.

Sony is a global company operating in the fields of electronics, entertainment, and technology. The Company operates across various business segments, including electronics, gaming, music, movies, and financial services, offering a diverse range of high-quality products and services to customers worldwide. Sony was founded in 1946 and is based in Tokyo, Japan.


DEAL STATS #
Overall 4 of 9
Sector (Information Technology) 1 of 1
Type (Divestiture) 2 of 6
State (California) 2 of 3
Country (United States) 2 of 4
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-02 Gaikai

Aliso Viejo, California, United States

Gaikai is a cloud-based game service which allows users to play high-end PC titles by streaming the content via a broadband connection.

Buy $380M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-28 FilmFlex Movies

London, United Kingdom

FilmFlex Movies Ltd. is a video-on-demand and multiplatform provider. FilmFlex was formed in 2005 and is based in London.

Sell -