Welcome to Press Gazette’s new media deals home page where we plan to track the latest news on mergers and acquisitions (M&A), capital raising and major partnerships in the media space.
Refresh this page for regular updates.
11/6/21 Buzzfeed to raise $200m in bonds as SPAC deal nears
- Deal type: Capital raising. M&A
- Deal size: $200m
Buzzfeed is reportedly in talks to raise $200m through bonds to help supplement its planned $300m acquisition of lifestyle publisher Complex Networks.
6/6/21 Dennis/Exponent puts The Week up for sale
Deal type: Sale (reported)
Deal size: Up to $300m
Exponent Private Equity is reported to have put Dennis Publishing’s flagship brand The Week up for sale, along with its fast-growing stablemate The Week Junior. The sale is being managed by Liontree Advisors with News Corp and Axel Springer thought to be interested.
3/1/21: Blackstone buys tech publisher IDG for $1.3bn
- Deal type: Acquisition (private equity)
- Deal size: $1.3bn
- Country: USA
Blackstone has has bought US-based data company IDG from Oriental Rainbow LLC, a subsidiary of China Oceanwide holdings.
IDG includes tech analysts firm IDC along with tech publications CIO, Computerworld, InfoWorld, Macworld,. Network World, PCWorld and Tech Hive. Investment from Blackstone will hel;p company “accellerate our product roadmaps to bring our customers deeper insights and data” said IDG CVEO Mohamad Alia.
8/6/2021: Sports Illustrated publisher Maven buys athletics news website The Spun
- Deal type: M&A, capital raising (equity financing)
- Deal size: $20m
- Country: USA
Deal summary: Sports Illustrated Publisher theMaven Inc has bought New Jersey-based Athletics news website The Spun. The site has 11 staff and was founded eight years ago. Maven plans to incorporate the site into the Sports Illustrated website. theMaven Inc has reportedly raised $20m to fund acquisitions via equity investment from new and existing institutional investors.
May 2021 media deals analysis
The month’s media business news was dominated by megadeals announced by AT&T, Verizon and Amazon. But, using intelligence from GlobalData, Press Gazette has identified several smaller deals that will help shape the global journalism industry.
As laid out below, we detected four major media M&A themes running through May 2021:
- the megadeals of AT&T, Verizon and Amazon
- the consolidation of America’s embattled local media sector
- the high density of rumours surrounding digital-native news companies like Buzzfeed and the Athletic
- and a wave of new investment in platforms and tech companies that work with the publishing industry.