Comedy website Funny or Die may be selling out.
The company has hired investment bank Moelis & Co., which has contacted potential buyers to gauge their interest in acquiring Funny or Die, Bloomberg reported. Funny or Die is looking to sell for between $100 million and $300 million, according to Bloomberg, citing anonymous individuals.
Funny or Die CEO Dick Glover sent a memo to employees confirming it had hired a financial adviser, saying the comedy outfit had received “unsolicited interest from a number of companies.”
“We are NOT trying to sell Funny or Die, but we thought it wise to engage some experts to help us evaluate the situation,” Glover wrote in the memo, according to Bloomberg. “In the meantime, if any of you mistakenly receive a briefcase full of cash, please bring it to my office immediately.”
The L.A.-based company’s investors include Time Warner and Sequoia Capital.
Funny or Die’s founders are the guys behind Gary Sanchez Prods. — Will Ferrell, Adam McKay and Chris Henchy — along with CAA and Michael Kvamme, an aspiring comedian who “told his dad, Mark Kvamme of Sequoia Capital, to write a check,” according to the company’s website. Judd Apatow is also a principal partner in the company.
Among Funny or Die’s most popular segments is “Between Two Ferns” hosted by Zach Galifianakis. Earlier this year, the website scored a sit-down with President Obama, who guested in deadpan mode to promote enrollment in his administration’s health-care plan.