February 20, 2018

SAN FRANCISCO, Feb. 20, 2018 /PRNewswire/ — Wikia, Inc.’s FANDOM announced
today that it has signed a definitive agreement for an investment from TPG-backed
media and technology veteran, Jon Miller. The transaction is expected to close in March
and is subject to customary closing conditions. Additional terms of the transaction were
not disclosed.

The investment will provide Wikia, Inc. with industry-leading resources and significant
operating and growth capital for the market-leading FANDOM brand. As part of the
investment, Miller will join Wikia, Inc. as Co-chairman with current Chairman and
Founder Jimmy Wales. Miller brings a history of leadership at media and technology
companies such as IAC, AOL, Viacom, and News Corporation and Fox Inc., where he
most recently served as Chief Digital Officer and Chairman and CEO, Digital Media
Group of News Corporation. Wales is also founder of Wikipedia and founder, Chair
Emeritus and Board Member of The Wikimedia Foundation.

“This partnership with Jon signals an incredibly exciting time for the FANDOM brand,”
said Wikia, Inc. President and CEO Craig Palmer. “We have established a destination
that is becoming the go-to place for entertainment fans to learn and celebrate their
passion for movies, television, video games and more, and is an increasingly important
vehicle for marketers to engage critical audiences that, in a fragmented media
landscape, are challenging to reach. I’m proud that FANDOM’s achievements have
been recognized through this investment and look forward to leveraging TPG and Jon’s
relationships and expertise in the media industry to open the door for accelerated
growth.”

The investment will fuel FANDOM’s steadfast momentum and caps a remarkable
transformation over the last few years from its roots as a platform company focused
solely on entertainment communities. Today, FANDOM garners almost 200 million
global uniques* and delivers comprehensive entertainment news coverage and
premium content while continuing to grow its topic-specific fan communities, now
numbering over 400,000. As one of the largest content sites on the web by total
audience reach, FANDOM is also number one in audience composition for teens (P13-
17)**, young adults (P18-24), millennials (P18-34) and adults (P18-49) in the comScore
U.S. Top 100 Properties***. FANDOM has also expanded its sales organization globally
beyond the U.S. to the U.K., Germany, Australia, Singapore and Latin America.
“I am excited to partner with the FANDOM team and TPG,” said Miller. “We are in a
challenging time for digital media but two things are clear: fans are increasingly using
digital media to engage their entertainment passions and there is vastly increasing
investment in entertainment content creation from an expanded set of companies.
Within this rapidly changing landscape there are going to be winners and losers and I
strongly believe FANDOM is a winner.”

“For more than a decade, we’ve studied and invested behind the creation, consumption,
and distribution of content. Within entertainment, consumer demand for interesting and
engaging content continues to grow,” said David Trujillo, Partner at TPG. “With its
unique user generated content model, hundreds of thousands of communities around
that content and growing editorial, FANDOM has developed a differentiated platform in
an increasingly dynamic market. We are excited to support FANDOM in its
transformation into a leading fan destination across all entertainment genres.”
FANDOM plans to deploy the growth capital from the transaction to drive significant
audience and revenue growth with investment in key personnel and increased
capabilities in editorial and video programming, sales, marketing, product, engineering,
and research and insights. It will also use the capital to source and execute on
opportunities for M&A in the digital market.

Pursuit Advisory LP advised Wikia, Inc. in this transaction.

For more information about FANDOM, visit: www.fandom.com and @getfandom. To
download the free FANDOM app for iOS and Android mobile devices,
visit: www.fandom.com/apple and www.fandom.com/android.