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New Deal


Announced

Completed

Legatum Ventures completed the acquisition of a stake in GB News from Warner Bros. Discovery for £60m.

Financials

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Transaction Value£60m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Radio and TV Broadcasters

Friendly

news

Completed

Majority

Cross Border

Private Equity

Acquisition

Private

Single Bidder

Synopsis

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Legatum Ventures, an international private investment organisation, completed the acquisition of a stalk in GB News, a free-to-air television and radio news channel, from Warner Bros. Discovery, a multinational mass media and entertainment conglomerate corporation, for £60m. Discovery was one of the first organisations to invest in GB News, doing so prior to the creation of Warner Bros. Discovery. GB News has built a growing and loyal audience in its first year, bringing another voice to British news broadcasting, and we wish the management and shareholders the very best in their future endeavours,” Warner Bros. Discovery.

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