The Asia Business Daily Co., Ltd.
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The Asia Business Daily Co., Ltd. - overview
Established
2005
Location
Seoul, -, South Korea
Primary Industry
Media
About
Based in Seoul, South Korea, and founded in 2005, The Asia Business Daily Co. , Ltd. operates as a newspaper company providing subscription-based Newspapers and Magazines on a variety of topics such as sports, politics, and many more. In August 2021, Keystone Private Equity agreed to invest KRW 23.
2 billion in The Asia Business Daily Co. , Ltd through a PIPE deal. Following the transaction, Keystone Private Equity owns an 18% minority stake in the company. As of 2021, The Asia Business Daily Co.
, Ltd. is valued at KRW 130 billion. The Asia Business Daily Co. , Ltd.
provides news and insights on a wide range of topics including the stock market, economy, politics, real estate, international news, and opinions. The company offers a mobile application for users to read the news digitally. In addition, the firm provides marketing services such as online and offline advertising for brands and businesses, affiliate services, and a first club focused on Asian companies. The company generates revenue based on a subscription model for more news readers.
Current Investors
Keystone Private Equity
Primary Industry
Media
Sub Industries
Internet, Newspapers, Magazines & News Organizations, Digital Media
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
The Asia Business Daily Co., Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE | Completed | Qurient Therapeutics | - | ||||||||
| PIPE | Completed | The Asia Business Daily Co., Ltd. | - |
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