IBD Captured by News Corporation


News Corp has agreed to acquire Investor’s Business Daily from O’Neil Capital Management.

Once the deal closes, the venerable financial news and research business will be operated by News Corp subsidiary Dow Jones.

Investor’s Business Daily (IBD), which operates the Investors.com website, was founded by William J. O’Neil in 1984. Today, digital represents more than 90% of IBD’s revenues and subscriptions.

The transaction is valued at $275 million. The valuation, News Corp says, represents nearly 100,000 digital subscribers across its platforms, and “minimal overlap” with Dow Jones’s existing subscriber base. IBD publishes a weekly print edition.

Baker Hostetler served as legal advisor to the purchaser in the transaction.

Investment Bank, Canaccord Genuity, served as financial advisor, and Norton Rose Fulbright served as legal advisor to O’Neil Capital Management, the seller, in the transaction.