UBM acquires Allworld Exhibitions

Press Release: UBM plc (“UBM”, or the “Company”) announces today that it has agreed to acquire Allworld Exhibitions (“Allworld”, or the “Business”) for a cash consideration which values the Business at US$485 million on a debt and cash free basis

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Easyfairs acquires Pentawards

Press Release: Easyfairs today announces its acquisition of Pentawards, the most prestigious worldwide competition exclusively dedicated to packaging design in all its forms. Created in January 2007, Pentawards’ primary mission is to increase awareness of packaging design and those who create it. Its 55 categories are open to all those across the globe who are associated with the creation or marketing of packaging, and are judged by an international jury consisting of 12 highly reputed designers and packaging design directors from major companies

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Liberty tunes out of ITV takeover bid

The chief executive of Virgin Media has rejected speculation that its parent company, the pan-European cable empire Liberty Global, could seize on weakness in ITV’s share price to mount a takeover bid for Britain’s biggest commercial broadcaster.

Tom Mockridge told the Sunday Telegraph that Liberty had “enough to do as it is” without wading further into programming. Liberty owns 9.9pc of ITV and has bought the equivalent commercial broadcaster in Ireland, fuelling speculation that it is lining up an approach for ITV.

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Tarsus acquires majority stake in Connect Meetings in the US

Press Release: Tarsus Group plc (“Tarsus” or the “Group”), the international business-to-business media group, announces that it has conditionally agreed to acquire 80.1 per cent of Connect Meetings, LLC (trading as “Connect”) for a cash consideration of up to approximately $57.0 million (the “Acquisition”), payable by way of initial consideration of approximately $44.0 million plus up to $1.0 million for working capital and up to $12.0 million payable over the next two years subject to certain conditions

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Apax and GMG sell a further 15% of Ascential

The Placing Shares represent, in aggregate, approximately 15 per cent of the Company’s issued ordinary share capital and constitute approximately 37.7 per cent of the Apax Sellers’ combined holdings in the Company and approximately 37.7 per cent of GMG’s holding in the Company

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Time Inc rejects $1.8bn bid from media executives

According to the FT, Time Inc, the publishing company that owns Sports Illustrated, People and Time magazines, has rejected an unsolicited bid worth close to $1.8bn from a consortium backed by Len Blavatnik, the billionaire owner of Warner Music Group, according to people briefed on the offer.

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Haymarket acquires British Home Awards

Press Release: Haymarket Media Group and Tee to Green Marketing are pleased to announce Haymarket’s acquisition of the British Homes Awards (BHA). Each year, the British Homes Awards (currently in partnership with the Sunday Times) champions the best in contemporary design. This year’s Awards took place in October 2016.

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Vivendi chief stokes hopes of Havas merger

Arnaud de Puyfontaine, chief of the French media company, told delegates at the Morgan Stanley Technology, Media and Telecom Conference that he had been working closely with Yannick Bolloré, head of Havas and son of Vivendi’s chairman and main shareholder Vincent Bolloré, and that he believed a tie-up made sense. “It is a fine line between the two operations,” he said

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