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GMF Capital scoops up digital media platform Motorsport Network Media

PE Hub

The post GMF Capital scoops up digital media platform Motorsport Network Media appeared first on PE Hub. The deal also includes the Motorsport Network brand name, as well as Motorsport.tv, a video platform for live and on demand streaming, and the Autosport Awards, a motorsport racing annual awards ceremony.

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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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Baleon-backed Avenue Z buys The Snow Agency, as PR and digital media merge

PE Hub

The post Baleon-backed Avenue Z buys The Snow Agency, as PR and digital media merge appeared first on PE Hub. Related PE deals include KKR‘s growth investment in FGS Global and Broad Sky Partners' investment in Bully Pulpit Interactive.

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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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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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Digital Media: Marketing Services M&A Recap for H1 2024

Intrepid Banker Insights

Intrepid Investment Bankers Digital Media: Marketing Services M&A Recap for H1 2024 Just released: Our Marketing Services M&A Recap for the first half of 2024! This report covers the latest trends and influential deals shaping the marketing and advertising industry.

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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.