Quartz Sequoia Events, organiser of Elevate, has announced the acquisition of Elite Sports and COPA from Prysm Group, extending its existing trade event portfolio within the sport, fitness and health sector. In May 2018 Elite Sports and COPA took place slightly earlier in the year, co-locating with Elevate in preparation for the acquisition. The shows reported an increase in visitors and a combined total of more than 8,000.
Elle, the magazine that has helped to shape the tastes and lifestyles of generations of French women, is to be sold to a Czech media group. Lagardère, the publishing and retail conglomerate, said that it had entered into exclusive talks with Czech Media Invest to sell its magazines, which include the French version of Elle. Among the other magazines included in the deal are Femina, also aimed at women, Télé 7 Jours, a television listings guide, and Art & Décoration, which specialises in home improvement.
IHS Markit has acquired a software and analytics provider for over-the-counter (OTC) derivatives valuation to build out its existing derivatives data business. DeriveXperts specialises in daily and monthly calculations of assets traditionally seen as difficult to value, including equity derivatives, FX derivatives, interest rate derivatives and structured notes.
Comcast has gatecrashed Rupert Murdoch’s takeover of Sky with a rival £22bn offer, sparking a bidding war for Britain’s biggest pay-TV broadcaster. The media and telecoms company, which owns NBC Universal and is the largest cable operator in the US, has made an all-cash offer of £12.50 a share, a 16% premium on the offer from Murdoch’s 21st Century Fox, which values Sky at about £19bn.
Press release: Diversified Communications announced today that they have entered into an agreement with UBM Asia Limited (“UBM Asia”) to sell Restaurant & Bar Hong Kong (“RBHK”), Natural & Organic Products Asia (“NOPA”) and Retail Asia Expo (“RAE”) to UBM Asia Limited (“UBM Asia”) which concludes the company’s two-year strategic divestiture plan
Press release:. ITE Group plc today announces that it has sold TradeLink ITE Sdn. Bhd., the owner of Metaltech, the metalworking exhibition in Malaysia, to UBMMG Holdings Sdn. Bhd., a subsidiary of UBM plc for a total cash consideration of MYR 23 million (£4.2m)1. The total consideration will be payable upon completion and the proceeds will be reinvested into the Group
Press release: Informa PLC (“Informa” or the “Company”), the international B2B Exhibitions, Events, Business Intelligence and Academic Publishing Group, today announced that its Offer for UBM plc (“UBM”) has been approved by both UBM and Informa shareholders
FRANKFURT (Reuters) – Springer Nature, the publisher of science magazines Nature and Scientific American, is planning to raise 1.2 billion euros ($1.5 billion) by selling new shares in an initial public offering (IPO), also providing an opportunity for its private equity owner to cash in. While buyout group BC Partners will sell some of its shares in the listing, German publisher Holtzbrinck, which owns 53 percent, will hold on to its stake, Springer Nature said in a statement on Thursday.
Technology services and consulting group Infosys has agreed to acquire WONGDOODY, a US-based ad and marketing agency with a strong focus on insight and consumer experience
Sir Martin Sorrell’s resignation has raised the question of whether his successor will be able to stop a breakup of the world’s largest advertising group. Some analysts believe that there is more value in breaking up the sprawling empire – WPP employs more than 200,000 staff in 400 separate ad businesses in more than 3,000 offices in 112 countries – particularly as its stock market value has plummeted more than a third in the past year
Press release: Established Kitchen and Bathroom Magazines, Awards and Digital Platforms added to the Media 10 Limited Portfolio. Pro Publishing Media & Events Ltd originally founded by Clara Perry has been acquired by Media 10 Limited.
Britain’s competition regulator today launched an investigation into the sale of Richard Desmond’s Express newspaper stable to the owner of the Daily Mirror. The Competition and Markets Authority (CMA) said it “will now assess whether this deal could significantly reduce competition within the UK media sector”. A deadline of 7 June has been set for a decision with interested parties invited to submit evidence to the investigation.
FPE Capital LLP (‘FPE’), a growth private equity investor in UK lower mid-market companies announces that it has completed the management buyout of IWSR, which owns and operates the world’s largest database on the beverage alcohol market. This buyout marks the third investment in FPE’s £100m maiden institutional fund announced in October 2017
Tarsus Group has taken steps to increase the pace of its growing presence in Asia by announcing the addition of two new members to its Asian senior management team. At the same time, it has increased its ownership of the Shenzhen based joint venture Shenzhen Shengshi Jiuzhou Exhibition Co., Ltd.
Press release: LONDON, April 3, 2018 /PRNewswire/ — Clarion Events, one of the world’s leading events organizers, announces the acquisition of PennWell Corporation, a privately-held events and business-to-business media and marketing services company based in Tulsa, Oklahoma, USA. Clarion is owned by funds managed by Blackstone, one of the world’s leading investment firms
Press release: SAN FRANCISCO, April 4, 2018 /PRNewswire/ — Future plc, the global platform for specialist media, today announces it has completed the acquisition of NewBay Media, LLC. NewBay is an information and events business based in New York and London. It has a substantial B2B portfolio operating in verticals including Electronics and Education, and TV and Audio, where it publishes Broadcasting & Cable, the leading voice of authority in the television industry. Its business is mainly in the provision of conferences, magazines, events, digital content and data services. It also has a large consumer division in the Music vertical where it publishes magazines including Bass Player, Guitar World and Electronic Musician.
Press release: NEW YORK, April 12, 2018 – Hearst announced today that it has purchased from Fimalac S.A. an additional 20 percent interest in global financial information services company Fitch Group, bringing Hearst’s equity interest to 100 percent. The transaction is valued at $2.8 billion. Hearst acquired its original interest in Fitch Group in 2006, and increased its holdings to 80 percent in 2015.
Accenture is making one of its largest acquisitions to date by purchasing publisher Meredith’s digital agency, Meredith Xcelerated Marketing (MXM). Terms of the deal were not disclosed
Hedge funds now control around £3bn of Sky shares, giving them major influence over the future of the British broadcaster as it is targeted for takeover by two rivals. The Mail can reveal that hedge funds based in Mayfair, New York and Chicago now own 13 per cent of Sky’s stock as it is embroiled in bids from 21st Century Fox and US cable giant Comcast
Business media and insight group GlobalData has confirmed it will pay £90.0m to acquire energy, construction and financial services analyst Research Views Ltd – a company controlled by GlobalData CEO Michael Danson, its US MD Wayne Lloyd and other shareholders.
