TCG has invested $83m to acquire a majority stake in Scripps Networks Interactive and Bertelsmann-backed e-commerce and media platform Food52.

Over-the-top media company Chernin Group bought a majority stake in Food52, a US-based cooking content and kitchenware e-commerce platform backed by media companies Scripps Networks Interactive and Bertelsmann, for $83m yesterday. Chernin acquired the stake through investment firm TCG Capital Management at an undisclosed nine-figure valuation, and it is unclear whether Scripps and Bertelsmann retain…

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