Funny or Die, the comedy website founded by former “Saturday Night Live” regular Will Ferrell along with Adam McKay and Chris Henchy, could potentially bring in serious money in a sale, with Bloomberg reporting the price could go as high as $300 million.
The asking price is between $100 million and $300 million, the article notes. In a memo to employees, Chief Executive Dick Glover wrote that the company has received “unsolicited interest from a number of companies.”
He added: “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.”
The company has reportedly hired the investment bank Moelis & Co., which has contacted potential buyers to establish their interest in a purchase.
Funny or Die’s first video was “The Landlord,” about a foul-mouthed toddler who hassles a tenant for money, which has drawn about 82 million views, the piece notes. In March, the company drew viewers to President Barack Obama’s appearance with Zach Galifianakis on “Between Two Ferns.”
Time Warner has a minority stake in Funny or Die, the story adds.