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

read more

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

read more

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.

read more

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.

read more

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

read more

Northstar Travel Group acquires Ryan Solutions

Northstar Travel Group has made its first purchase since being acquired by private equity firm Wasserstein Partners in June. The company’s software-as-a-service (SaaS) subsidiary, Inntopia, has acquired Ryan Solutions, a provider of customer relationship management (CRM) and database marketing to the hospitality industry

read more