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Announced

Completed

Valueact Capital Partners completed the acquisition of a 6.7% stake in New York Times for $350m.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Domestic

Completed

Single Bidder

Private

Private Equity

Minority

United States

media

entertainment

Publishing

Friendly

Acquisition

Synopsis

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Valueact Capital Partners, an investment company, completed the acquisition of a 6.7% stake in New York Times, an American mass media company, for $350m. “Our research suggests that most current readers and subscribers are interested in the bundle and would pay a large premium for it but are not aware the offering even exists. This is an opportunity we believe management needs to drive with urgency, as it is the biggest lever to accelerate growth, deepen NYT’s competitive moat, and ensure the long-term strength and stability of the platform,” ValueAct.

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