LONDON, UK / ACCESSWIRE / July 18, 2018 / If you want access to our free research report on KKR & Co. Inc. (NYSE: KKR) ("KKR"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=KKR as the Company's latest news hit the wire. On July 16, 2018, the Company announced that it has signed an agreement with Los Angeles-based investment firm Shamrock Capital Advisors LLC to acquire RBmedia, which is a global leader in spoken audio content and digital media distribution. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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The financial value and other terms of the deal were not disclosed. KKR's investment in RBmedia is via KKR Americas XII Fund.

The firm has made the investment keeping in mind the expanding uses of digital devices which has pushed up the demand for digital audio content. KKR has a strong portfolio of investments in the digital media and content sector and includes Companies like WebMD, UFC, Sonos, BMG Rights Management, Next Issue Media, Fotolia, Emerald Media, Nielsen, etc. The current acquisition will be a great addition to its portfolio.

Management Comments

Commenting on the acquisition, Richard Sarnoff, Chairman of Media, Entertainment, and Education for KKR, said:

"The proliferation of mobile devices and voice-enabled ecosystems has created an always-on consumer who increasingly seeks out new content to enjoy. This trend has made audiobooks the most growthful segment of the publishing industry. RBmedia is very well positioned to capitalize on these dynamics with the industry's largest independent catalogue of premier audio content that can be flexibly delivered across platforms, worldwide."

Tom MacIsaac, President and Chief Executive Officer (CEO) of RBmedia, added:

"We are delighted to partner with KKR to build on that momentum, and to expand upon the growth we've achieved in the space thus far in partnership with Shamrock."

Mike LaSalle, Partner at Shamrock, stated:

"Shamrock is extremely grateful to the RBmedia team for their partnership, entrepreneurial spirit, and ability to lead the business over the past three years. KKR's resources and expertise will enable the Company to continue to capitalize on the tremendous opportunity this market represents."

About the Acquiree - RBmedia

Landover, Maryland-based RBmedia is one of the largest independent publisher and distributor of audiobooks in the world. The Company produces exclusive titles and distributes the best digital content and information which covers audiobooks, educational courses, entertainment titles, etc. Its content comprises of over 35,000 titles covering several genres from romance to business to sci-fi. The Company has been growing its catalogue by adding thousands of new contents every year. The Company's content not only feature best-sellers and award winners but also emerging works from up-and-coming authors including works by Danielle Steel, J.R.R. Tolkien, Dean Koontz, Newbery Medal winners, etc.

The Company has two divisions which distribute content to consumers directly. One is Audiobooks.com, which is a subscription-based audiobooks service; and the second is RBDigital, which is a state-of-the-art cloud-based digital media platform catering to libraries and library members. The Company has also an extended distribution network via agreements with leading digital platforms like Audible, Google, and Rakuten, and its content is available on smart phones, Android Auto, Apple CarPlay, Amazon Echo, Google Home, smart watches, and so on.

About Shamrock Capital Advisors LLC

Los Angeles, California-based Shamrock Capital is a leading investment firm that focuses on investments in the media, entertainment, and communications sectors. The investment firm was founded by Roy E. Disney in 1978, and has grown into an institutional money manager with a leading group of investors, including endowment and pension funds. The firm provides its portfolio companies with valuable insight on strategy and operations, and access to its vast network of relationships in the above sectors. Some of the Companies where the firm has investments include Appetize, Branded Cities, BTI Studios, FanDuel, Giant Creative, Isolation Network, Maple Media, Mobilitie, Omega Wireless, Questex, RBmedia, Screenvision Media, Silvergate Media, Wazee Digital, and Wpromote. The firm has approximately $1.9 billion of assets under management.

About KKR & Co. Inc.

New York-based KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit, with strategic manager partnerships that manage hedge funds. The firm employs an integrated approach and works closely with the investors in its funds to provide innovative financial solutions and investment vehicles best suited to their needs. The firm has a global presence with offices in key locations in 14 countries. It had $176 billion of assets under management as on March 31, 2018. The firm employs approximately 695,000 people globally.

Stock Performance Snapshot

July 17, 2018 - At Tuesday's closing bell, KKR's stock advanced 1.13%, ending the trading session at $26.90.

Volume traded for the day: 3.32 million shares.

Stock performance in the last month - up 12.51%; previous three-month period - up 28.22%; past twelve-month period - up 38.37%; and year-to-date - up 27.73%

After yesterday's close, KKR's market cap was at $22.14 billion.

Price to Earnings (P/E) ratio was at 13.88.

The stock has a dividend yield of 2.53%.

The stock is part of the Financial sector, categorized under the Asset Management industry. This sector was flat at the end of the session.

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