Black-owned media venture eyeing major acquisitions, including bustling parent company

According to people familiar with the matter, Group Black, a company that aims to invest in and develop Black-owned media companies, is pursuing large potential acquisitions in the media sector. digital communication.

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

https://www.wsj.com/articles/black-owned-media-venture-eyes-big-acquisitions-including-bustle-parent-11656625411?mod=pls_whats_news_us_business_f Black-owned media venture eyeing major acquisitions, including bustling parent company

Luke Plunkett

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