Deal

Premium Content

Discovery Comm on Thurs announced a deal to acquire San Fran-based digital video provider Revision3. "With Revision3’s industry-leading management team and roster of great talent, we look forward to cultivating more original content and fresh personalities that resonate with passionate communities online and across all platforms, while enhancing our innovative marketing solutions for advertising partners," said Discovery chief digital officer JB Perrette. With more than 23mln monthly uniques across 27 digital channels, Revision3’s tech and distribution platform powers production, monetization and distribution of video content in areas such as tech, cooking and popular science. Paul, Weiss, Rifkind, Wharton & Garrison LLP advised Discovery; Revison3 was advised by RBC Capital Markets and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP. Parties expect the transaction to close on or before June 1.

Featured Stories

Featured Stories

Curated By Logo