M&A Deal Summary

WarnerMedia Acquires Bleacher Report

On August 1, 2012, WarnerMedia acquired media company Bleacher Report from Crosslink Capital for 200M USD

Acquisition Highlights
  • This is WarnerMedia’s 1st transaction in the Media sector.
  • This is WarnerMedia’s largest (disclosed) transaction.
  • This is WarnerMedia’s 2nd transaction in the United States.
  • This is WarnerMedia’s 1st transaction in California.

M&A Deal Summary
Date 2012-08-01
Target Bleacher Report
Sector Media
Buyer(s) WarnerMedia
Sellers(s) Crosslink Capital
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

Bleacher Report

San Francisco, California, United States
website
Bleacher Report is a digital destination for team-specific sports content and real-time event coverage and is one of the fastest-growing digital properties in the U.S. Bleacher Report is based in San Francisco, California.

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Buyer(S) 1

Buyer

WarnerMedia

New York, New York, United States

website

Category Company
Founded 1985
Sector Media
Employees24,800
Revenue 28.1B USD (2015)
DESCRIPTION

WarnerMedia is a media and entertainment company. WarnerMedia consists of Turner, Home Box Office, and Warner Bros. Turner consists principally of cable networks and digital media properties. Home Box Office consists principally of premium pay television services domestically and premium pay and basic tier television services internationally. Warner Bros. consists principally of feature film, television, home video and videogame production and distribution. WarnerMedia was formerly known as Time Warner was established in 1985. The Company is headquartered in New York City.

DEAL STATS #
Overall 2 of 4
Sector (Media) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 2 of 3
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-12 Time Warner Cable

New York, New York, United States

Time Warner Cable Inc. is a US provider of video, high-speed data and voice services. Time Warner Cable is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-06 Time

New York, New York, United States

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.

Sell -

Seller(S) 1

SELLER

Crosslink Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1989
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Crosslink Capital is a growth-oriented investment firm focused on technology companies. Crosslink's typically invests in early-stage companies, however, the Firm will consider opportunities at every stage, from seed to pre-IPO to PIPE offerings. Sectors of interest include communications/infrastructure services, core technology, semiconductors, internet, and software. Crosslink Capital is based in San Francisco, California.

DEAL STATS #
Overall 32 of 60
Sector (Media) 2 of 2
Type (Add-on Acquisition) 23 of 43
State (California) 22 of 42
Country (United States) 31 of 59
Year (2012) 4 of 5
Size (of disclosed) 11 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-30 Xsigo Systems

San Jose, California, United States

Xsigo Systems has developed a revolutionary new approach to server I/O: the Xsigo I/O Director. This hardware and software solution is optimized from the ground up to dramatically accelerate and simplify routine data center management tasks. With the Xsigo I/O Director, IT managers provision I/O resources on-the-fly without disrupting network and storage configurations, and without physically entering the data center.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-04 365 Data Centers

Norwalk, Connecticut, United States

365 Data Centers is a provider of hybrid data center solutions in 12 strategic, primarily edge, markets. With Data Centers in Boca Raton, Bridgewater (New Jersey), Buffalo, Chicago, Commack (Long Island), Detroit, Fort Lauderdale, Indianapolis, Nashville, Philadelphia, New York City, and Tampa, the Company operates facilities aggregating 230,000 square feet and 22 MW of power, along with an interconnected, resilient, low latency, nationwide fiber network. 365 Data Centers was founded in 2002 and is based in Norwalk, Connecticut.

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