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New Deal


Announced

Blackstone-backed Candle Media to acquire ATTN for $100m.

Financials

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Transaction Value£81m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

social storytelling

media company

Friendly

Acquisition

Media Agencies

United States

Domestic

Private Equity

Private

Pending

Synopsis

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Blackstone-backed Candle Media, a next-generation media company, agreed to acquire ATTN, a purpose-driven, social storytelling company, for $100m. "ATTN: has a deep, digital-native understanding for how to cut through the noise and reach today’s audiences through engaging content on social media. We are excited for them to join Candle and provide the benefits of their talented team’s expertise across our brands and franchises," Kevin Mayer and Tom Staggs, Candle Media Co-Chairmen and Co-CEOs.

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