REPORT: CollegeHumor Is Up for Sale
According to a report from Fortune, IAC, which acquired a majority stake in CollegeHumor in 2006 for $20 million, wants $100 million from any potential buyer.
The desire to unload the high-profile comedy business comes near the end of a year that saw a lot of M&A activity in online video, kick-started by Disney’s acquisition of Maker Studios in March. Since then, other YouTube networks, including Fullscreen, StyleHaul, Big Frame, and Tastemade have either been acquired or received major investments.
This has extended to online companies dedicated exclusively to comedy videos. Earlier this fall, Funny or Die reportedly received interest from potential buyers, while The Onion has also been exploring a sale. Funny or Die is looking for anywhere between $100 million to $300 million, while The Onion’s price is also in the neighborhood of $100 million.
At IAC, CollegeHumor operates under the company’s Electus Digital division, which also oversees the humor site’s in-house production shop Big Breakfast, as well as properties like Dorkly.com and WatchLoud.com. Beyond its owned and operated platforms, CollegeHumor also has a huge on YouTube with over 8.5 million subscribers on its channel.Tags: Acquisitions, Barry Diller, CollegeHumor, funny or die, IAC, The Onion