Graham Holdings Co. has closed on the acquisition of Leaf Group Ltd. for $8.50 per share in an all cash transaction valued at approximately $323 million.

Headquartered in Santa Monica, CA, Leaf Group is a consumer internet company that builds lifestyle brands for audiences in categories including fitness and wellness (Well+GoodLivestrong.com and MyPlate App), and home, art and design (Saatchi Art, Society6 and Hunker).