Announced
Financials
Tags
United States
media company
Media Agencies
Acquisition
Majority
Pending
entertainment
advertising
Domestic
Public
Friendly
Single Bidder
Synopsis
RNN National Media Group, a privately owned portfolio of independent broadcast assets and production and distribution capabilities, agreed to acquire iMedia Brands, a media company capitalizing on the convergence of entertainment, ecommerce, and advertising, for $50m. “We are excited to announce this major transaction, which will provide the company with the platform to grow and build value for all of our stakeholders.” James Alt, iMedia Chief Transformation Officer.
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