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New Deal


Announced

Completed

NTWRK completed the acquisition of Complex Networks from BuzzFeed for $109m.

Financials

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Transaction Value£86m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

United States

Entertainment

youth entertainment

Domestic

Private

Completed

Friendly

Single Bidder

Synopsis

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NTWRK, a retail platform, completed the acquisition of Complex Networks, a brand that has defined culture and media innovation, from BuzzFeed, a news and entertainment company, for $109m. “The sale of Complex represents an important strategic step for BuzzFeed, Inc. as we adapt our business to be more profitable, more nimble, and more innovative. This is also an opportunity to unlock greater value for the Complex brand by combining it with NTWRK’s expansive, commerce-driven business," Jonah Peretti, BuzzFeed CEO.

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