Jorge Nacer, owner of 'El Economista,' acquires Grupo Editorial Expansión from Time Inc. for $65 million, expanding his media operations in Mexico amidst industry-wide consolidation trends.
Target Information
The Grupo Editorial Expansión, a prominent player in the Mexican media landscape, has been available for acquisition for some time. Recently, it was announced that Jorge Nacer, the owner of ‘El Economista,’ has finalized the purchase of this group from the American conglomerate Time Inc. for $65 million. This acquisition includes 17 magazines and 11 websites, marking a significant expansion of Nacer's media presence in Mexico.
With an estimated readership of around 30 million, Grupo Editorial Expansión specializes in economic and sector-specific information. The decision to sell had been anticipated within the industry, as the company was openly marketed. Sources confirm that the transaction occurred on June 16, with an announcement planned for August.
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Industry Overview in Mexico
The media industry in Mexico is currently undergoing a transformation, characterized by a wave of mergers and acquisitions aimed at solidifying market positions. This trend arises from a broader challenge faced by traditional media outlets: declining print revenues alongside
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Jorge Nacer
invested in
Grupo Editorial Expansión
in 2015
in a Buyout deal
Disclosed details
Transaction Size: $65M