Viacom to acquire youth-focused digital media company AwesomenessTV; sources say for $25M plus debt, well below AwesomenessTV's $650M valuation in 2016 (Natalie Jarvey/Hollywood Reporter)

Natalie Jarvey / Hollywood Reporter:
Viacom to acquire youth-focused digital media company AwesomenessTV; sources say for $25M plus debt, well below AwesomenessTV's $650M valuation in 2016  —  The deal, which sources say also includes the assumption of some debt, is significantly lower than the $650 million valuation that Awesomeness had in 2016.

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