ASSET PURCHASE AGREEMENTAsset Purchase Agreement • April 12th, 2016 • Demand Media Inc. • Services-computer processing & data preparation • Delaware
This Asset Purchase Agreement (this “Agreement”), dated April 8, 2016, is made by and among Demand Media, Inc., a Delaware corporation (“Seller”), Scripps Media, Inc., a Delaware corporation (“Buyer”), and, solely with respect to Section 10.15 The E. W. Scripps Company, an Ohio corporation and the parent of Buyer (the “Guarantor”).
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATIONAsset Purchase Agreement • April 12th, 2016 • Demand Media Inc. • Services-computer processing & data preparation
Demand Media, Inc., a Delaware corporation (the “Company”, “our”, “we” or “us”), entered into an Asset Purchase Agreement dated April 8, 2016 to sell substantially all of the assets relating to its Cracked business, including the Cracked.com website (the “Business”), to Scripps Media, Inc. (“the Buyer”) for a cash purchase price of $39 million (the “Disposition”). On April 12, 2016, the Company completed the Disposition. The sale of such assets constituted a significant disposition.
