Black-Owned Media Venture Eyes Big Acquisitions, Including Bustle Parent

Group Black, an organization that goals to put money into and develop Black-owned media corporations, is pursuing massive potential acquisitions within the digital-media area, in keeping with folks acquainted with the matter.

The firm, co-founded last year by Black entrepreneurs Travis Montaque, Richelieu Dennis and Bonin Bough, is in talks to purchase a big or majority stake in Bustle proprietor BDG Media Inc., a few of the folks stated, and is exploring tips on how to finance a deal as the 2 sides discuss. Group Black additionally has been exploring different potential offers, together with an acquisition of Vice Media, folks acquainted with the matter stated.