M&A Deal Summary

United Online Acquires FTD

On April 30, 2008, United Online acquired e-commerce company FTD for 800M USD

Acquisition Highlights
  • This is United Online’s 1st transaction in the E-Commerce sector.
  • This is United Online’s largest (disclosed) transaction.
  • This is United Online’s 5th transaction in the United States.
  • This is United Online’s 1st transaction in Illinois.
Investment Fate
  • FTD was sold to a strategic buyer in 2013.
  • FTD was sold to a financial buyer in 2019 for 95M USD.

M&A Deal Summary
Date 2008-04-30
Target FTD
Sector E-Commerce
Buyer(s) United Online
Deal Type Add-on Acquisition
Deal Value 800M USD
Advisor(s) Goldman Sachs (Financial)
Latham & Watkins (Legal)

Target

FTD

Downers Grove, Illinois, United States
Entrance to FTD's corporate headquarters in Downers Grove, Illinois.
Entrance to FTD's corporate headquarters in Downers Grove, Illinois.
FTD provides floral, specialty foods, gift and related products and services to consumers, retail florists, and other retail locations and companies in need of floral and gifting solutions. FTD's portfolio of brands includes proFlowers, proplants, shari’s berries, personal creations, redEnvelope, cherry moon farms, flying flowers, flowers direct, sesame, ink cards, postagram, and Gifts.com. FTD was founded in 1910 and is based in Downers Grove, Illinois.

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Buyer(S) 1

Buyer

United Online

Woodland Hills, California, United States
Category Company
Founded 2001
Sector Internet Software and Services
Employees384
Revenue 151M USD (2015)
DESCRIPTION

United Online, Inc. is a provider of consumer products and services over the Internet.

DEAL STATS #
Overall 5 of 5
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Illinois) 1 of 1
Country (United States) 5 of 5
Year (2008) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-10 MyPoints.com

San Francisco, California, United States

MyPoints.com, Inc. is a provider of member-driven online direct marketing services.

Buy $56M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 FTD

Downers Grove, Illinois, United States

FTD provides floral, specialty foods, gift and related products and services to consumers, retail florists, and other retail locations and companies in need of floral and gifting solutions. FTD's portfolio of brands includes proFlowers, proplants, shari’s berries, personal creations, redEnvelope, cherry moon farms, flying flowers, flowers direct, sesame, ink cards, postagram, and Gifts.com. FTD was founded in 1910 and is based in Downers Grove, Illinois.

Sell -
Mergr

Product

Company

Legal