.
MergerLinks Header Logo

New Deal


Announced

Completed

CNN completed the acquisition of Canopy.

Financials

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

Tags

Edit

United States

Private

privacy-focused content-recommendation engine

Acquisition

Single Bidder

Completed

IT Services: Other

Majority

Friendly

Synopsis

Edit

CNN completed the acquisition of Canopy, a 15-person startup that developed a personalized, privacy-focused content-recommendation engine. Financial terms were not disclosed. CNN said it will use Canopy’s system for the development of “NewsCo,” the code-name for its forthcoming news and information platform stocked with content form CNN and third-party partners. With the addition of Canopy’s team, CNN will have a team of about two dozen focused on the “NewsCo” project.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US