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
- Industry
- Media & Entertainment
- Location
- California, United States
- Transaction Type
- Buyout
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