An exciting transformation of an iconic brand

DEAL FLASH:

One of Oaklins’ TMT specialists in New York has advised Essence Ventures, LLC, an independent African-American owned company focused on merging content, on the acquisition of ESSENCE Communications Inc. (ESSENCE) from Time Inc.

ESSENCE currently reaches a global audience of more than 16 million across its various platforms encompassing its signature print magazine, digital, video and social platforms, and television specials.

Read more about the transaction, market trends, deal drivers and M&A valuation aspects.