On the Record · Time
Time acquisitions, on the record
The businesses Time bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Grupo Editorial Expansión ("GEX"), Mexico-based operationsWord for word“In August 2014, the sale of our Mexico-based GEX operations was consummated for approximately $41 million .” 10-K for 2014 | divestiture | In August 2014 | approximately $41 million |
Cozi Inc.Word for word“We acquired Cozi Inc., a provider of mobile and digital family organizing tools, during the second quarter of 2014; we sold our Mexico-based GEX operations in the third quarter of 2014; and our CNNMoney.com collaborative arrangement with a subsidiary of Time Warner terminated in the second quarter of 50 2014.” 10-K for 2014 | acquisition | during the second quarter of 2014 | — |
Affluent Media Group (formerly American Express Publishing Corporation)Word for word“In October 2013, we acquired Time Inc. Affluent Media Group (formerly known as American Express Publishing Corporation or "AEP") ("AMG Acquisition"), including Travel + Leisure and Food & Wine magazines and their related websites.” 10-K for 2014 | acquisition | In October 2013 | — |
QSP (school fundraising business)Word for word“In 2012, we sold, solely in exchange for contingent consideration, assets primarily comprising the school fundraising business, QSP, and recognized a $36 million loss in connection with the sale.” 10-K for 2014 | divestiture | In 2012 | — |
Menlo Park, California propertyWord for word“During the fourth quarter of 2014, we recognized a pretax gain of $76 million on the sale of our Menlo Park, California property and a pretax gain of $9 million on the sale of one of our properties in Birmingham, Alabama.” 10-K for 2014 | divestiture | During the fourth quarter of 2014 | — |
Viant Technology Inc.Word for word“In addition, in February 2016, we entered into a series of agreements to acquire the assets of Viant Technology Inc., a data-driven leader in people-based marketing.” 10-K for 2015 | agreed acquisition | February 2016 | — |
inVNTWord for word“We have been extending the power of our brands through various investments and acquisitions, including the formation of Sports Illustrated Play, a new business devoted to youth and amateur sports, and the acquisition of inVNT, a company that specializes in live media.” 10-K for 2015 | acquisition | — | — |
UK Cycling Events Limited, inVNT, LLC and International Craft and Hobby Fair Ltd.Word for word“In 2015, we acquired a number of live event businesses, which included UK Cycling Events Limited, inVNT, LLC and International Craft and Hobby Fair Ltd.” 10-K for 2015 | acquisition | In 2015 | — |
a number of acquisitionsWord for word“During the year ended December 31, 2015 , we completed a number of acquisitions for total cash consideration, net of cash acquired, of $141 million .” 10-K for 2015 | acquisition | During the year ended December 31, 2015 | total cash consideration, net of cash acquired, of $141 million |
remaining 50% interest in a U.K. joint venture (Look magazine)Word for word“In April 2015, we acquired the remaining 50% interest in a U.K. joint venture to establish Look magazine as a consolidated division of our Time Inc. UK operations.” 10-K for 2015 | acquisition | April 2015 | — |
IPC Magazines Group Limited (Blue Fin Building)Word for word“In 2015, we obtained net cash proceeds of $623 million from the sale of the Blue Fin Building.” 10-K for 2015 | divestiture | — | net cash proceeds of $623 million |
Bizrate Insights Inc.Word for word“On September 6, 2016, we acquired Bizrate Insights Inc. (“Bizrate Insights”), a consumer data company that specializes in developing consumer insights by extending its online and mobile surveys across partner sites.” 10-K for 2016 | acquisition | On September 6, 2016 | — |
Adelphic Inc.Word for word“In early 2017, we acquired Adelphic Inc., a mobile-first self-serve demand-side platform.” 10-K for 2016 | acquisition | In early 2017 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $195 million | $81 million |
Deal filings since 2016
- 2018-01-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-11-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-10-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Time’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2017-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.