Nexstar Media Group acquired BestReviews for $160 million, a transaction announced in December 2020, structured as Acquisition (from Tribune Publishing).
BestReviews operates in Digital, is based in United States. Nexstar agreed to acquire BestReviews, a leading consumer product recommendations company (about 9 million monthly visitors), from Tribune Publishing Company. BestReviews independently researches, tests and recommends products and monetizes through retail revenue-share.
Diversifies Nexstar's digital content portfolio with commerce-driven product-review revenue.
Advisory firms were not disclosed for this transaction.