M&A Deal Summary

Warner Bros. Discovery Acquires HowStuffWorks

On October 14, 2007, Warner Bros. Discovery acquired internet software and services company HowStuffWorks from Convex Group for 250M USD

Acquisition Highlights
  • This is Warner Bros. Discovery’s 3rd transaction in the Internet Software and Services sector.
  • This is Warner Bros. Discovery’s 4th largest (disclosed) transaction.
  • This is Warner Bros. Discovery’s 4th transaction in the United States.
  • This is Warner Bros. Discovery’s 1st transaction in Georgia.
Investment Fate
  • HowStuffWorks was divested to a consortium of strategic buyers in 2014 for 45M USD.

M&A Deal Summary
Date 2007-10-14
Target HowStuffWorks
Sector Internet Software and Services
Buyer(s) Warner Bros. Discovery
Sellers(s) Convex Group
Deal Type Divestiture
Deal Value 250M USD

Target

HowStuffWorks

Atlanta, Georgia, United States
HowStuffWorks LLC is an internet destination featuring explanations on various topics.

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Buyer(S) 1

Buyer

Warner Bros. Discovery

New York, New York, United States
Category Company
Founded 2008
Sector Media
Employees35,300
Revenue 41.3B USD (2023)
DESCRIPTION
Discovery Communications' corporate headquarters in Silver Spring, Maryland.
Discovery Communications' corporate headquarters in Silver Spring, Maryland.

Warner Bros. Discovery is a global media company that provides content across multiple distribution platforms, including pay-TV, free-to-air and broadcast television, websites, digital distribution arrangements and content licensing agreements. The Company's portfolio of networks includes television brands such as Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science and Velocity (known as Turbo outside of the U.S.). Discovery also operates a diversified portfolio of production studios, websites and curriculum-based education products and services. Warner Bros. Discovery was formed in 2008 and is based in New York, New York.

DEAL STATS #
Overall 5 of 18
Sector (Internet Software and Services) 3 of 4
Type (Divestiture) 1 of 3
State (Georgia) 1 of 2
Country (United States) 4 of 9
Year (2007) 2 of 3
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 TreeHugger.com

United States

TreeHugger.com is a collection of environmentally focused blogs. It was formed in 2004.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-15 Convex Group

Atlanta, Georgia, United States

Convex Group, Inc. operates as a media and entertainment company with patent portfolio that acquires and integrates unique assets to create new media networks.

Buy -

Seller(S) 1

SELLER

Convex Group

Atlanta, Georgia, United States
Category Company
Founded 2001
Sector Media
DESCRIPTION

Convex Group, Inc. operates as a media and entertainment company with patent portfolio that acquires and integrates unique assets to create new media networks.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 SpectraDisc

Providence, Rhode Island, United States

SpectraDisc Corp. is a developer of limited-play CD, CD-ROM, and DVD technology for the entertainment, advertising, and software industries.

Buy -
Mergr

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