Acquiring Company
Penske Media Corporation
Acquired Company
Hollywood Foreign Press Association
Los AngelesTexasHospitalityNon ProfitMuseums And Historical SitesDescription
Penske Media Corporation has completed the acquisition of the Golden Globe Awards from the Hollywood Foreign Press Association. An antitrust lawsuit has been filed by the HFPA, alleging fraudulent practices during the acquisition process. The HFPA claims they were misled regarding voting rights and operational autonomy in the transition. The lawsuit seeks at least $150 million in damages.
M&A Insights
Based on deal dataFrequently asked
Who acquired Hollywood Foreign Press Association?
Hollywood Foreign Press Association was acquired by Penske Media Corporation, based in Los Angeles. The deal was reported on July 28, 2026. Penske Media Corporation (PMC) is a leading media, information, and entertainment company. Often involved in hospitality and experiential developments, PMC aims to grow its brand through strategic investments. Penske Media Corporation is privately held and operates in Hospitality.
When did Penske Media Corporation acquire Hollywood Foreign Press Association?
Penske Media Corporation's acquisition of Hollywood Foreign Press Association was reported on July 28, 2026. Penske Media Corporation has completed the acquisition of the Golden Globe Awards from the Hollywood Foreign Press Association. An antitrust lawsuit has been filed by the HFPA, alleging fraudulent practices during the acquisition process. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Hollywood Foreign Press Association do?
The Hollywood Foreign Press Association is a nonprofit organization of foreign journalists that was responsible for the Golden Globe Awards. It is privately held, operating in Non Profit, and is based in Texas.