News Corp Acquires Investor's Business Daily for $275M

March 25, 2021

News Corp has agreed to acquire Investor's Business Daily (IBD) from O'Neil Capital Management for $275 million. IBD, a digital-first financial news and research business with roughly 100,000 digital subscribers and about 130 employees, will operate as a stand-alone brand within News Corp's Dow Jones division to expand Dow Jones's digital finance offerings and proprietary investor tools.

Buyers
News Corp
Targets
Investor's Business Daily
Sellers
O'Neil Capital Management
Location
California, United States
Transaction Type
Buyout

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