Pop Sugar, a female-skewing digital brand that started off as a humble blog in 2006, has been acquired by Group Nine Media in the latest major M&A transaction to rearrange the digital media sec…
The brand joins a stable at Group Nine that already includes Thrillist, NowThis, The Dodo and Seeker.Group Nine Media was created in 2016 afterCommunications put $100 million into the venture. Just last month, Group Nine raised $50 million in additional funding, led by Discovery, with German publisher Axel Springer also investing.
The transaction follows several high-profile digital deals, including Vox’s acquisition of New York magazine, and Vice Media’s takeover of Refinery29. The digital space, which years ago presented a bold new frontier for startups to enter and disrupt traditional media outlets, is experiencing a wave of consolidation. The dominance of Facebook and Google in the
arena has squeezed a lot of newer companies, many of which spent freely to scale their businesses, only to see ad revenue flatten.
Cooley LLP advised Group Nine Media and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP and Code Advisors advised Pop Sugar.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
K-Pop Group AB6IX Are 'Blind For Love' in Fiery New Video: WatchAB6IX returned today (Oct. 7) with their second original song “Blind For Love.”
続きを読む »
My B-Hole May Never Recover From Sugar-Free Jelly BeansI ate 70 jelly beans. Yes, that’s right. Seventy. Roughly 10 times their suggested serving.
続きを読む »
Down 29%, Here’s Why Uber’s Staffing Gambit Won’t Make Its Stock PopUber Works is targeting a fragmented $150B industry with a me-too service. It won't make Uber's stock pop.
続きを読む »
Why the Chef Behind LA’s Hottest Pop-Up Doesn’t Want Her Own Restaurant“I don’t want to be locked under the details and minutiae of the business. Kitchens are five-alarm fires all day every day.” — Chef Zoë Komarin (zoefoodparty) on why she's sticking with pop-ups
続きを読む »
The 52 Best Pop Songs From the '90sThe 52 Best '90s Pop Songs
続きを読む »
Easy Pop Culture Halloween Costumes for 2019So time is running out — but we've got your back!
続きを読む »