Deal snapshot: MEREDITH CLOSES SALE SPORTS ILLUSTRATED TO AUTHENTIC BRANDS FOR USD 110M.
MANews-(C)2009-2019
US-based brand development, marketing and entertainment company Authentic Brands Group has finalised the USD 110m purchase of the intellectual property of Sports Illustrated from US media and marketing company Meredith Corp. (NYSE: MDP), the company said.
This acquisition adds a new vertical to ABG's growing platform and portfolio, which currently generates over USD 9.3bn in global retail sales annually. Through this acquisition, ABG forges a partnership with Meredith to build a global platform that converges the worlds of sports, culture and entertainment.
Country: USA
Sector: Media
Target: Sports...
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