The newly-formed media holding company consists of four mission-driven, category-leading brands across food, drink & travel (Thrillist), news & entertainment (NowThis), animals (The Dodo) and science, tech & exploration (Seeker). The financing comes as other digital-centric media companies are hitting a wall. We will not, however, complete an initial business combination with only Group Nine Media. 1950 Singer Nine 4A values and more. Group Nine Media said Monday it was buying the women-focused digital lifestyle publisher PopSugar in an all-stock deal. Group Nine Media — which owns Thrillist, NowThis, The Dodo, Seeker and PopSugar — is the latest company to form a SPAC, according to a filing with the SEC. Group Nine Media is a digital-first media company that boasts nearly 4 billion video views every month. These blank-check corporations, as they’re also known, have become a popular way to raise money from the public markets. Last month Discovery and German publisher Axel Springer invested another $50 million into Group Nine, beefing up its valuation to more than $600 million. Taboola Aims For $2.6 Billion Valuation With SPAC Deal - 01/26/2021. The … Group Nine didn’t disclose what its current valuation is with the new funding. In December, Group Nine Media formed its own SPAC, which went public on Jan. 15 and is expected to eventually subsume the media company that spawned it and acquire other media … Group Nine Media was created in 2016, after Discovery pumped about $100 million into the company for a 35% stake. Provider of digital media services intended to offer entertainment to the young audience. The company's services include data and insights, creative strategy development, branded content and social storytelling consultation, enabling users to easily get news and information on various topics. Group Nine Media — which owns Thrillist, NowThis, The Dodo, Seeker and PopSugar — is the latest company to form a SPAC, according to a filing with the SEC. Group Nine General Information Description. In another digital-media merger, Discovery-backed Group Nine Media has reached a deal to acquire female-focused lifestyle brand PopSugar. As described further below, we currently intend to combine with Group Nine Media, Inc., a digital media company and the parent company of our sponsor, concurrent with the completion of our initial business combination. The Hagerty classic car valuation tool® is designed to help you learn how to value your 1950 Singer Nine 4A and assess the current state of the classic car market. Vice Media Group’s plans to go public through a nearly $3 billion merger with a blank-check firm would leave existing investors with control of … The company saw its valuation drop to $2.5 billion since 2017, a 56% drop from $5.7 billion to $2.5 billion. Group Nine Media Despite recent skepticism over the role of venture capital in digital media start-ups, Group Nine Media this month raised a $50 million new funding round, pushing its valuation to … Terms were not disclosed, but … Discovery Communications gave Group Nine Media another vote of confidence on Tuesday, leading a $40 million raise that the company plans on using to boost its digital video content. ... Vice was a candidate to get picked up by Group Nine, owner of Thrillist.
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