The Feeding Frenzy Fueling Food Media M&A [Yahoo! Finance]
Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL)
US:NYSE Investor Relations:
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Source: Yahoo! Finance
This story was originally published in On Background with Mark Stenberg, a free, weekly newsletter that explores the key themes shaping the media industry. You can sign up for it here In the past year, interest in food media has grown from a simmer to a boil. The uptick began last March, when the food technology company Wonder, most recently valued at $7 billion, paid $90 million for the food media brand Tastemade. In October, People Inc. paid an undisclosed amount for the food publisher Feedfeed, the first acquisition from People Inc. since the $2.7 billion merger that created the company in 2021. And of course, as readers of this newsletter well know , in February America's Test Kitchen bought Food52 in a bankruptcy auction for $10 million, a far lower bid than ATK had originally submitted before Food52 found itself in dire financial straits. These tie-ups come against a broader backdrop of food and dining related enthusiasm. In recent months, two new food media startups
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- Unilever (UL) was upgraded by DZ Bank AG from "hold" to "strong-buy".MarketBeat
- McCormick CEO on Unilever food deal: We're here to compete on flavor [Yahoo! Finance]Yahoo! Finance
- McCormick CEO on Unilever food deal: We're here to compete on flavor [Yahoo! Finance Canada]Yahoo! Finance Canada
- McCormick CEO on Unilever Food merger: We're focused on 'flavor' [Yahoo! Finance]Yahoo! Finance
- McCormick CEO on Unilever Food merger: We're focused on 'flavor' [Yahoo! Finance Canada]Yahoo! Finance Canada
UL
Sec Filings
- 4/10/26 - Form 425
- 4/10/26 - Form 425
- 4/9/26 - Form 425
- UL's page on the SEC website