Federated Media For Sale?
I hear on the grapevine that Federated Media could soon be sold. Apparently they have hired Savvian, the investment bank to ‘vet numerous incoming queries’. This does not necessarily mean that the intention is to sell the company. They could also be thinking of grabbing some investment while they can. A figure of $50m investment against a valuation of $125m has been mentioned but nothing has been confirmed.
Investors include JPMorgan Partners, Omidyar Network, The New York Times and Tim O’Reilly.
Care to comment Tim?
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