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Announced

Completed

News completed the acquisition of Wireless Group for £220m.

Financials

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Transaction Value£220m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.9x
EV/EBITDA15.21x
Share Price Premium-
One Off Charge-

Sources

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Media Agencies

digital offering

publishing

magazine

broadcasting

radio

Media

United Kingdom

Public

Completed

Friendly

Single Bidder

Acquisition

Synopsis

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News, an American mass media and publishing company, completed the acquisition of Wireless Group, a radio and digital broadcasting network with headquarters in Belfas, for £220m. "This acquisition eloquently illustrates our belief in the United Kingdom as a place to invest and do business. The strength of Wireless, with its digital and international capabilities, especially in sports coverage, will help our publishing brands engage with readers and advertisers. We are proud to welcome this valuable company with much potential into News Corp’s family of businesses," Robert Thomson, News CEO.

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