Black-Owned Media Venture Eyes Big Acquisitions, Including Bustle Parent
Share this @internewscast.com



Group Black, a company that aims to invest in and develop Black-owned media firms, is pursuing big potential acquisitions in the digital-media space, according to people familiar with the matter.

The company, co-founded last year by Black entrepreneurs Travis Montaque, Richelieu Dennis and Bonin Bough, is in talks to buy a large or majority stake in Bustle owner BDG Media Inc., some of the people said, and is exploring how to finance a deal as the two sides talk. Group Black also has been exploring other potential deals, including an acquisition of Vice Media, people familiar with the matter said.

Share this @internewscast.com
You May Also Like

Deshaun Watson To Start Browns Preseason Opener As NFL Seeks Season-Long Suspension

Topline The Cleveland Browns announced Wednesday that scandal-plagued quarterback Deshaun Watson will…

De Jong Shows Why FC Barcelona Would Be Foolish To Sell Him In Impressive Gamper Trophy Cameo

Frenkie de Jong’s impressive cameo in the Joan Gamper trophy showed why…

What’s Behind Microchip Technology Stock’s 3x Rally Since Late 2017?

BRAZIL – 2021/12/14: In this photo illustration the Microchip Technology logo seen…

This Is Not Your Grandfather’s (aka Wall Street’s) Investment Advice

(Photo by Lee Lockwood/Getty Images) Getty Images Investing these days is really…

Two Chinese Cities Approve Baidu’s Unmanned Self-Driving Taxis

SINGAPORE—China took a notable regulatory step in the field of driverless taxis,…

‘Westworld’ Is Going Back To The Beginning In The End And I Have Some Theories

Westworld John Johnson/HBO “These violent delights have violent ends.” Westworld’s latest episode,…

Blockchain’s environmental impact and how it can be used for carbon removal

Climate change has become an important issue over the years due to…

A 70-Year-Old Taiwanese Chip Wizard Is Driving China's Tech Ambitions

When Asian semiconductor makers make dramatic advances, there’s often a common element:…