There’s clearly money in teen angst and vampires. An investment group led by ZelnickMedia has agreed to acquire Alloy Inc., the company that produces “Gossip Girl” and “The Vampire Diaries,” for $126.5 million. The cash transaction, at $9.80 a share, is expected to close in the fourth quarter of this year. Members of Alloy’s senior management will exchange an as-yet undisclosed portion of their Alloy shares for an equity interest in ZelnickMedia. Shares of Alloy Thursday closed at $9.51, up 10.7 percent.
Alloy co-founders Matt Diamond and Jim Johnson, chief executive officer and chief operating officer, respectively, will continue to run the company. Geraldine Laybourne, founder of Oxygen Media, will serve as chairman. Bill Jemas, former chief operating officer of Marvel Entertainment, will sit on Alloy’s board.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)