BakerHostetler Guides Media Giant News Corp in $275 Million Acquisition of Investor Tools

News / April 15, 2021

A BakerHostetler team guided News Corp in its recent purchase of Investor’s Business Daily (IBD) from O’Neil Capital Management for $275 million. News Corp plans to fold IBD – a media and analysis company with 100,000 digital subscribers and an digital presence that, according to Adobe Analytics, reached 10.8 million unique visitors in February – into its Dow Jones subsidiary, which also publishes the Wall Street Journal, MarketWatch and Barron’s, among other publications, products and news sites.

The BakerHostetler team that guided the transaction was led by Partners Steven Goldberg and Rob Morwood. It included Partners Gerald Ferguson, Ray Malone, Margaret Rosenthal, Adam Gale, Thomas Hogan and Ryan Fischbach; Counsel Jacqueline Best; and Associates Matthew Gases, Daniel McClain, Kevin Wallace, Erica Svoboda, Joshua Jowdy, Jeffrey Slavin, Alexandra Royal and Joseph Persoff.

Read the news release.