Press Release April 05, 2021

Leaf Group To Be Acquired By Graham Holdings Company For $8.50 Per Share In All-Cash Transaction Valued At $323 Million

The Technology and Public M&A teams advised Leaf Group Ltd. (NYSE: LEAF) on its definitive merger agreement with Graham Holdings Company (NYSE: GHC) under which Graham Holdings will acquire all of the outstanding shares of common stock of Leaf Group for $8.50 per share in an all-cash transaction valued at approximately $323 million.

Leaf Group is a diversified consumer internet company that builds enduring, creator-driven brands that reach passionate audiences in large and growing lifestyle categories, including fitness and wellness (Well+Good, Livestrong.com, and MyPlate App), and home, art, and design (Saatchi Art, Society6, and Hunker).

Graham Holdings is a diversified holding company whose principal operations include educational services; television broadcasting; online, print and local TV news; home health and hospice care; custom manufacturing; automotive; and, restaurant venues.

The Goodwin team was led by Joe Johnson, Andrew Goodman, and Tobias Schad.

For more details, read the press release.