Arlington-based Graham Holdings Co. announced Tuesday that it has entered into an agreement to acquire Santa Monica, California-based consumer internet company Leaf Group Ltd. in a $323 million, all-cash transaction.
Graham Holdings will acquire all outstanding shares of Leaf Group’s common stock at $8.50 per share. The transaction is expected to close in June or July.
Leaf Group’s portfolio of creator-driven lifestyle brands include Well + Good, Livestrong.com, Saatchi Art and Society6.