Exhibit 99.1
Graham Holdings Completes Acquisition of Leaf Group Ltd.
ARLINGTON, VA – June 14, 2021 – Graham Holdings Company (NYSE: GHC) reported today that it has closed on the previously announced acquisition of Leaf Group Ltd. (NYSE: LEAF) for $8.50 per share in an all cash transaction valued at approximately $323 million.
Headquartered in Santa Monica, CA, Leaf Group is a consumer internet company that builds enduring, creator-driven brands that reach passionate audiences in large and growing lifestyle categories, including fitness and wellness (Well+Good, Livestrong.com and MyPlate App), and home, art and design (Saatchi Art, Society6 and Hunker).
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Contact: | Pinkie Mayfield | ||||
(703) 345-6450 | |||||
Pinkie.Mayfield@ghco.com |