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New Deal


Announced

Completed

Fox completed the acquisition of Tubi for $440m.

Financials

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Transaction Value£362m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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media services

Private

United States

Acquisition

live streaming

streaming service

Majority

Entertainment

Single Bidder

Friendly

Completed

Disposal

Domestic

Private Equity

Synopsis

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Fox, a media company, completed the acquisition of Tubi, a provider of online video streaming services, for $440m. The completion of the transaction follows the satisfaction of all customary closing conditions. "I am proud of what the team has already accomplished here at Tubi and we couldn’t be more excited about joining such a fast-moving, entrepreneurial company. We look forward to working together with FOX to accelerate Tubi’s leadership position in the market and bring new competencies to Fox,” Farhad Massoudi, Tubi Founder and CEO.

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