According to The Sunday Times Vladimir Peksa had agreed to sell Mintec, which he founded in 1982, to the private equity firm Synova Capital for an estimated £30m. The deal could be announced as early as this week.
A former Ministry of Defence mandarin is trying to buy the magazines Marie Claire, Wallpaper and NME for as much as £150m.
Press release: XLMedia (AIM: XLM), a leading provider of digital performance marketing, is pleased to announce that it has agreed to acquire a number of leading Finnish gambling related informational websites from Good Game Ltd (the “Acquisition”) for a total cash consideration of up to €15 million. The Acquisition is expected to complete during the first quarter of 2018 and to be immediately earnings enhancing in the current financial year following completion.
WPP’s new unit Kantar Consulting has acquired brand consultancy Mash Strategy for an undisclosed sum.
Facebook is planning sweeping changes to its newsfeed, as Mark Zuckerberg pledges to help users have more meaningful social interactions on the platform by prioritising posts from friends and family at the expense of those from publishers. Mr Zuckerberg said users would see less public content “like posts from businesses, brands and media”. This content would be prioritised based on whether it encouraged interactions between people, rather than “passively read”.
Amazon reports its voice device Echo was its top seller over the holidays. Hearst is hoping to plant its feet firmly in technology’s future, too. The company has been experimenting successfully with content on both the Echo and Google Home.
Euromoney Institutional Investor PLC (“Euromoney”), the international business information and events group, today announces that it has sold its Institutional Investor Journals (II Journals) business to Pageant Media
UK industry events ad:tech London and Technology for Marketing (TFM) have joined forces to form the country’s largest marketplace for advertising and marketing technology at Olympia, London on 26-27 September
APA Publications, which also publishes Insight Guides and Berlitz, on the acquisition of Rough Guides from Dorling Kindersley for an undisclosed sum.
Press release: Wilmington plc, the knowledge leader in Risk & Compliance, Professional, and Healthcare, announces it has reached an agreement to acquire the Interactive Medica S.L. group of companies for an initial consideration of €2.8m with an adjustment for working capital, payable on completion. IM comes with an estimated €0.6m of cash on completion with further deferred consideration of up to €1.6m subject to IM achieving revenue targets for the period to 31 December 2019. The consideration is to be funded from the Group’s existing debt facilities and the Acquisition is expected to complete by 31 January 2018.
UBM has taken its final step from magazine publisher to events company after striking a deal to sell its last major publication, the construction industry bible Building
Analysts for Citigroup wrote in a research note they believe there’s a 40% chance Apple will buy Netflix with the money it repatriates following the passage of corporate tax reform.
Apple could potentially repatriate hundreds of billions of dollars, giving it plenty of wiggle room for a major acquisition like Netflix.
Prysm Group has announced the acquisition of waste management trade show RWM from Ascential to boost its environmental division. RWM, in partnership with recycling, energy, water and waste management show CIWM, will complement existing Prysm events including The European Contamination Expo Series, Hazardous Waste Expo, Land Remediation Expo, The Flood Expo and The Marine & Coastal Civil Engineering Expo
Press release: Parallel Media Group (PMG) has conditionally agreed to acquire Brick Live and Parallel Live • Deal will fuel expansion of BRICKLIVE into Europe, the Far East and the Americas • Enlarged group to be renamed Live Company Group• BRICKLIVE events ran simultaneously across three continents last week 29 November 2017: Parallel Media Group plc today announces that it has conditionally agreed to acquire Brick Live and Parallel Live, to create a new live entertainment events company – Live Company Group – and bring BRICKLIVE to London’s Alternative Investment Market (AIM). The acquisition of the two companies and of partners’ shares in Brick Live Far East, are valued at £10m, and PMG is raising £1.3m through a share placing at 30p. On completion, the enlarged group will have a market value of £14.5m. To reflect the enlarged group’s new business focus it will be renamed Live Company Group plc
Press Release: In the fourth and final deal of 2017, Mark Allen Group (MAG) has acquired the shares of Miles Publishing Limited (MPL) from its owner, Miles Bossom.
MPL, which has been based in Tunbridge Wells, Kent, comprises two core products; the market leading brand, Comms Business, and its related event, Channel Live. In future, the company will be based in MA Business’ offices in Dartford, Kent
B2B media company Ascential has sold its MENA business intelligence arm MEED Media to business media and insight group GlobalData for $17.5m.
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Bowmark Capital sells Law Business Research to Levine Leichtman Capital Partners
Wed, 27/12/2017 – 11:25
Bowmark Capital has sold Law Business Research (LBR), a provider of research, news, data and insight on international business law and legal markets, to Levine Leichtman Capital Partners (LLCP). Established in 1996, LBR creates essential and unique content spanning 120 jurisdictions across its brands, serving a client base that comprises major corporations, government agencies and the global legal industry. It is a leading information provider in fields such as competition law, arbitration law, cross-border investigations and Latin American corporate law
The death of magazines has been overplayed, according to a leading media agency, despite a torrid year that has featured the British title Glamour ending its monthly print run and Rolling Stone appealing for a deep-pocketed buyer.
Ascential has bought e-commerce analytics group Clavis Insight for up to $219m. Clavis, whose customers include the likes of P&G, Nestle, Unilever and L’Oreal, has proprietary technology which enables consumer product companies to track and optimise the performance of their products across hundreds of retailer websites and mobile commerce sites globally
Norwegian print newspaper VG, a Schibsted brand, has a history of launching successful and lucrative spin off companies. In 2013 it launched the web TV channel VGTV, and since then has seen its audience and its revenues reach impressive figures
