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New Deal


Announced

Crain Communications acquired GenomeWeb.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Pending

online news

Acquisition

Friendly

Media Agencies

Private

Single Bidder

Synopsis

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Crain Communications, a privately held media company, acquired GenomeWeb, an online news organization serving the global community of scientists, technology professionals and executives who use and develop the latest advanced tools in molecular biology research and molecular diagnostics. Financial terms were not disclosed. "We are excited to add GenomeWeb to our family of brands," said KC Crain, president and chief operating officer of Crain Communications. "GenomeWeb's history and expertise in journalism, and their commitment to top-level reporting, makes it an attractive business and a perfect complement to our family of business-to-business brands."

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