Announced
Completed
Financials
Tags
Friendly
digital media
Private
Domestic
Completed
Single Bidder
Minority
United States
Acquisition
Media Agencies
Private Equity
Synopsis
Blackstone Tactical Opportunities, an opportunistic investing platform, led a $300m funding round in Recurrent Ventures, a digital media company. "We are extremely proud of what we've done so far with our digital media brands, from growing audiences, to developing our brand monetization playbook, to bringing in best-in-class talent. Our belief in transparency, investment in editorial teams, and commitment to adopting best practices from various industries is helping us create a new type of digital media company," Lance Johnson, Recurrent CEO.
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