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New Deal


Announced

Completed

The New York Times completed the acquisition of Audm.

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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computer software

Private Equity

Software

Acquisition

Friendly

Completed

Mandatory Offer

Single Bidder

Domestic

United States

Private

Venture Capital

Synopsis

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The New York Times, a media company, completed the acquisition of Audm, a subscription-based audio app. Financial terms were not disclosed. Launched in 2016 by Ryan Wegner and Christian Brink, Audm transforms longform articles into audio. Audm users can listen to hours of new stories every week, from publications including The New York Times, The New Yorker, The Atlantic and a host of other publishers.

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