10 digital media companies that are hot acquisition targets, including Patch and TheSkimm - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Business News News

10 digital media companies that could get acquired next, including Patch and TheSkimm

BuzzFeed insiders say the company is looking to acquire more companies. Meanwhile,"There's no shortage of capital, so dealflow should be plentiful," media analyst Alex DeGroote said of digital media.

Larger private equity firms are also increasingly taking aim at small, early-stage companies, McCormick said. A company like Bustle could help an acquirer could benefit from economies of scale and cost controls to become more profitable, said John Potter, principal consultant at technology and internet media consulting company McCooey and Potter Consulting.

However, two of the experts we spoke to said that while Bustle is a prime property to be acquired, they couldn't foresee a deal occurring until at least late next year. Plus, one source said, BDG has "steep expectations" on its valuation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines