News Corp Sells News America Marketing to Charlesbank Capital Partners

March 31, 2020

News Corp has entered into a definitive agreement to sell its News America Marketing (NAM) business to private equity firm Charlesbank Capital Partners for up to approximately $235 million in cash, including $50 million at closing and deferred payments of $125–$185 million payable within five years. The deal, structured as a divestiture to simplify News Corp's portfolio, allows News Corp an option to retain up to 15% equity; Charlesbank plans to install Bill Redmond as CEO and invest to grow the business.

Buyers
Charlesbank Capital Partners
Targets
News America Marketing
Sellers
News Corp
Location
New York, United States
Transaction Type
Divestiture

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.