News and Trends

Will Ferrell's 'Funny Or Die' Seeks Up to $300 Million in Possible Sale

Former Staff Writer
2 min read

Funny or Die, the Will Ferrell-founded comedy site known for bold-faced cameos from President Obama, James Franco and more, may be the next hot property on the online video auction block.

The company has hired a financial adviser to possibly evaluate a sale, wrote CEO Dick Glover in a memo to employees. Bloomberg, which first reported the news, pegged an asking price at anywhere between $100 and $300 million, citing sources.

Glover’s memo contained the same ironic tone that has resulted in skyrocketing viewership on Funny Or Die’s own website, its YouTube channel and a handful of productions for traditional TV networks, including HBO and TBS. 

Related: Here's Why Apple Always Sets the Time to 9:41 in Its iPhone and iPad Ads

“We’ve received unsolicited interest from a number of companies,” Glover wrote. “We are NOT trying to sell Funny or Die, but we thought it wise to engage some experts to help us evaluate the situation. In the meantime, if any of you mistakenly receive a briefcase full of cash, please bring it to my office immediately.”

However, Bloomberg reports that Funny or Die is working with investment bank Moelis & Co. to contact potential buyers “to gauge their interest in a deal.”

Funny Or Die is eyeing a sale at a time when other online video properties are being scooped up at a rapid -- and highly lucrative -- rate. Most recently, AT&T and the Chernin Group bought a majority stake in leading YouTube network Fullscreen. And in what is perhaps the largest deal of its kind, Fullscreen adversary Maker Studios was acquired by Disney for $950 million in March.

Related: 5 Lessons Every Marketer Can Learn From the Stinking Brilliance of Poo Pourri


More from Entrepreneur

Jason's expertise and experience can help you with storytelling, motivation, and pitching your business to media.
Book Your Session

For a limited time only, get this bundle of Entrepreneur PressĀ® titles for less than $30 (60% OFF) on our bookstore when you use "LEAP" at checkout.
Buy Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.