TCG has invested $83m to acquire a majority stake in Scripps Networks Interactive and Bertelsmann-backed e-commerce and media platform Food52.
Over-the-top media company Chernin Group bought a majority stake in Food52, a US-based cooking content and kitchenware e-commerce platform backed by media companies Scripps Networks Interactive and Bertelsmann, for $83m yesterday.
Chernin acquired the stake through investment firm TCG Capital Management at an undisclosed nine-figure valuation, and it is unclear whether Scripps and Bertelsmann retain shares.
Founded in 2009, Food52 operates an online platform that offers recipes and other lifestyle content such as travel tips and interior design inspiration. The…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
