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BuzzFeed in Advanced Talks to Sell Complex, Backtracking on Digital Media Bet

The New York Times: Mergers, Acquisitions and Dive

BuzzFeed is negotiating a sale of much of Complex Networks for under $140 million, less than half of what it paid to acquire it two years ago.

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Barry Diller Explores Bid to Take Control of Paramount

The New York Times: Mergers, Acquisitions and Dive

Diller, a digital media pioneer, lost a bidding war for Paramount Pictures decades ago. Now, he’s making a run at its parent company.

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Get the list of private equity firms active in the digital media industry

Private Equity Info

Once a nascent industry, digital media companies have become attractive targets for top private equity firms. The chart below shows the trend of private equity platform investments in digital media companies since 2010.

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ZoomerMedia announces acquisition of Curiocity amplifying its digital presence in Canada

Global Newswire by Notified: M&A

20, 2024 (GLOBE NEWSWIRE) -- ZoomerMedia Limited (TSXV: ZUM) (“ZoomerMedia”), a multi-platform media company devoted to creating legacy and digital content for Boomer Zoomers to GenZ Zoomers, announces that it has completed the acquisition of Curiocity Group Inc. TORONTO, Feb.

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Gizmodo Is Sold to Keleops Media

The New York Times: Mergers, Acquisitions and Dive

The tech website’s publisher, G/O Media, sold Gizmodo to the digital media and tech company Keleops.

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Guardian Journalists Strike Over Planned Sale of The Observer

The New York Times: Mergers, Acquisitions and Dive

Workers have begun a 48-hour walkout, the first in 50 years for the outlet, over a proposal to sell The Observer to Tortoise Media, a digital media start-up.

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BuzzFeed Sells Complex, a Pop Culture Start-Up, for $108.6 Million

The New York Times: Mergers, Acquisitions and Dive

The digital-media company, which has plunged in value, is selling the unit to Ntwrk at a significant discount from its 2021 purchase price.