Team Internet Group plc (TIG): Strategic review and divestments
This situation live
TIG Team Internet Group plc
11 Nov 2025 · Review initiated; DIS discussions most advanced · +1% until the next step
We are in active discussions regarding the divestment or formation of strategic partnerships for substantially all parts of the business in separate transactions
20 Jan 2026 · DIS disposal discussions progressing well · −17% until the next step
the Company confirms that discussions in relation to a disposal of DIS are progressing well.
16 Mar 2026 · Talks continuing to progress well; no terms · −20% until the next step
discussions in relation to a disposal of the DIS segment continue to progress well
24 Apr 2026 · Competitive DIS sale process under way; no terms · +24% until the next step
The Board has taken a disciplined approach to ensure broad participation, supporting competitive tension and value maximisation.
15 Jun 2026 · Talks with selected parties; outcome due first half Q3 · +2% until the next step
the Board expects the outcome of the strategic review, including any agreement relating to a potential disposal of DIS, to be announced in the first half of Q3.
24 Jul 2026 · Discussions advancing with selected parties · +0% until the next step
expects to provide a further update on the review at or before the Company's interim results.
7 Sep 2026 · Advanced discussions; multiple parties interested · −17% since
The Board reaffirms its expectation of a valuation materially exceeding USD 160 million; any agreed transaction is expected to complete around the year end.
Strategic review and divestments
Advanced discussions; multiple parties interested
Next: agree a transaction in the near term; completion around year end
Every step · 7
- 11 Nov 2025 Review initiated; DIS discussions most advanced – We are in active discussions regarding the divestment or formation of strategic partnerships for substantially all parts of the business in separate transactions ↗
- 20 Jan 2026 DIS disposal discussions progressing well – the Company confirms that discussions in relation to a disposal of DIS are progressing well. ↗
- 16 Mar 2026 Talks continuing to progress well; no terms – discussions in relation to a disposal of the DIS segment continue to progress well ↗
- 24 Apr 2026 Competitive DIS sale process under way; no terms – The Board has taken a disciplined approach to ensure broad participation, supporting competitive tension and value maximisation. ↗
- 15 Jun 2026 Talks with selected parties; outcome due first half Q3 – the Board expects the outcome of the strategic review, including any agreement relating to a potential disposal of DIS, to be announced in the first half of Q3. ↗
- 24 Jul 2026 Discussions advancing with selected parties – expects to provide a further update on the review at or before the Company's interim results. ↗
- 7 Sep 2026 Advanced discussions; multiple parties interested – The Board reaffirms its expectation of a valuation materially exceeding USD 160 million; any agreed transaction is expected to complete around the year end. ↗
What is happening
Team Internet Group plc: Strategic review and divestments – Advanced discussions; multiple parties interested. ['Advanced discussions; multiple parties interested']
- In short
- Strategic review of the profitable DIS segment began in November 2025. On 7 September 2026 the Board said the review is at an advanced stage, with multiple parties interested in all or parts of the division. It reaffirmed a valuation expectation materially above USD 160m. Completion is now expected around year end, with no buyer or terms named and no certainty of a deal.
- Announced
- 11 Nov 2025 · Review initiated; DIS discussions most advanced
- Latest
- 7 Sep 2026 · Advanced discussions; multiple parties interested
- Stage
- Advanced; discussions ongoing aiming for a transaction in the near term (7 Sep 2026)
- Timetable
- Any agreed transaction expected to complete around the year end
- Business sold
- DIS: H1 2026 net revenue USD 40.8m, adjusted EBITDA USD 13.7m (+28%)
- Conditions
- Customary conditions and regulatory approvals; no certainty a transaction will be agreed
- Buyer/price
- Not stated; no certainty a transaction will be agreed
- Valuation
- Board expects a valuation materially exceeding USD 160 million
- Interest
- Board engaged with multiple parties interested in all or parts of the division
What comes next
agree a transaction in the near term; completion around year end.
From the company's own announcements. Not investment advice.
Briefing
Team Internet Group plc in 3 minutes
Team Internet sells domain names and runs product-comparison sites and online ad-matching platforms. It reported record profit for 2023, then lost most of its Search earnings when Google changed its ad programme:...
- Act 1Record profits, buybacks and a rebrand
- Act 2Google changes the rules, and a bid goes nowhere
- Act 3Rebuilding Search, then a strategic review
Also at Team Internet Group plc 3 open
Segment turnSearch segment Google changes – Transition complete; profitable in June
Legal & regulatoryAntitrust damages claim – Claim pursued; outcome and timing uncertain
Balance-sheet stress / refinancingLeverage and net debt reduction – Leverage 3.9x; net debt expected to fall
Balance-sheet stress / refinancingDebt facilities refinancing – Renegotiation completed; maturities October 2027 · closed
Insider conviction2 directors buying – £46k in 2 buys · closed
Team Internet Group plc – company page →