BridgeTower Media acquires ColoradoBiz
BridgeTower Media, which operates business publications across the country, had acquired ColoradoBiz for an undisclosed amount. Founded in 1973, ColoradoBiz is the largest business publication in Colorado. It has a monthly print magazine and a website. “Business is booming in Colorado, and we see an opportunity to accelerate growth in ColoradoBiz through this acquisition by leveraging […]
Forbes buyer asks for two more weeks to close deal
Austin Russell, the 28-year-old Luminar Technologies CEO who is seeking to buy Forbes, has requested an extension of a Nov. 1 deadline to finalize his $800 million bid, reports Sara Fischer of Axios. Fischer reports, “Representatives for Russell have said that Russell’s bid is ‘substantially oversubscribed, with over $2 billion of demand’ from mostly American investors. But ‘demand’ […]
The Deal seeks a health care reporter
The Deal is looking for an enterprising reporter to cover M&A and private equity in the healthcare sector with a keen eye toward services and technologies that revolutionize the U.S. healthcare system and impact deal flow. The role will sit within a team of reporters based in our New York office and be part of […]
Investors in talks to buy CoinDesk, valuing company at $125 million
An investor group is in the final stages of purchasing cryptocurrency-focused media company CoinDesk, report Lauren Thomas and Vicky Ge Huang of The Wall Street Journal. Thomas and Huang report, “The investor group is led by Matthew Roszak of Tally Capital, a private investment firm focused on crypto and blockchain-based technologies, and Peter Vessenes of Capital6, a venture-capital firm and family […]
Can Forbes thrive under its new owners?
Rich Jaroslovsky writes for The Observer about the pending sale of Forbes to a group of investors fronted by Austin Russell, the CEO of Luminar Technologies. Jaroslovsky writes, “Forbes certainly isn’t the only hallowed journalistic title to have traded its reputation for its survival. What remains to be seen is what its new owner, Russell, has in […]
Endpoints founders: FT purchase will help us grow faster
Endpoints editor in chief John Carroll and publisher Arsalan Arif wrote a note to readers about the Financial Times acquiring a controlling stake in the biopharmaceutical industry publication: Dear Endpoints Readers, We’d like to tell you about a partnership we’ve struck with the Financial Times that will take our news organization to the next stage of its […]
Financial Times buys controlling stake in Endpoints News
The Financial Times has acquired a controlling stake in Endpoints News, which covers the biopharmaceutical industry, for an undisclosed price. Endpoints has more than 163,000 subscribers and distributes content via its daily news reports and website, and at in-person and online events. This acquisition marks a significant milestone in the FT’s expansion in the U.S., where […]
CoinDesk hires investment banker to explore options
CoinDesk Inc., a cryptocurrency-focused media company, has retained investment bankers at Lazard Ltd. to help it explore options including a partial or full sale, reports Wall Street Journal reporters Lauren Thomas and Vicky Ge Huang. Thomas and Huang report, “CoinDesk’s parent company, Digital Currency Group Inc., or DCG, has received multiple unsolicited offers north of $200 million […]
Fintech firm to buy financial news site The Fly
A financial technology firm has agreed to acquire financial news site The Fly for an undisclosed amount. The deal is expected to close by the end of March. The acquirer, TipRanks Ltd., analyzes financial data to provide market research tools for retail investors. The TipRanks Financial Accountability Engine scans and analyzes financial websites, corporate filings […]
Why Bloomberg would make an acquisition
Dylan Byers of Puck writes about why Michael Bloomberg would acquire another media company such as The Washington Post or The Wall Street Journal — even though the company said no talks have happened. Byers writes, “Unless Bezos wakes up one morning and decides to overhaul the Post, Mike Bloomberg may be the sole media entrepreneur with […]
