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31 Amazon Aggregator Startups and Companies to Know
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Berlin Brands Group to expand logistics network in Europe
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In today’s ExchangeWire news digest: Gray Television acquire 17 of Meredith’s TV stations as the media firm focus on their publishing and digital assets businesses; Berlin Brands Group look for American sellers to bring to the European market; and Facebook report higher-than-expected revenues for Q1, but remain wary of the impact that ATT will have on their future ad sales.
Gray Television acquire Meredith TV stations
Gray Television have inked a deal to buy 17 of Meredith Corporation’s TV stations for USD $2.7bn (£1.9bn). The move will increase Atlanta, Georgia-based Gray’s holdings to 101 outlets across 113 US markets, bringing the firm’s national reach to 36% of all US households.
Amazon 3P Rollup Berlin Brands Group Raises $240M
Peter Chaljawski, founder and CEO, Berlin Brands Group
Berlin Brands Group, started in Germany in 2005 when its founder sold disc jockey equipment, has raised $240 million in debt-free funding to finance acquisition of successful third-party sellers on Amazon primarily in the U.S., growing off its European roots.
With a war chest of $540 million, Berlin Brands Group plans to invest $300 million of that in the coming months in acquiring profitable sellers in the $1 million-$100 million range. Other companies in the rollup land rush include Thrasio, Heyday, Perch and Elevate Brands.
UniCredit, Deutsche Bank and Commerzbank were involved in the debt financing for Berlin Brands Group, which says it has been profitable
Berlin Brands Group raises $240M to buy and scale up third-party Amazon Marketplace brands – TechCrunch
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