Posts Tagged "Online deals"

Future proposes to acquire Purch’s consumer division in a deal worth £105.7m ($132.5m)

Press Release: Axel Springer has closed today the sale of its stake in aufeminin group to Télévision Française 1 S.A. (TF1). The aggregated purchase price of Axel Springer’s around 78 percent stake amounts to EUR 291.5 million. This corresponds to a multiple of around 15 based on consolidated EBITDA 2017 attributable to Axel Springer shareholders. The purchase price includes also the contractual agreed interest payments made by TF1 to Axel Springer.

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.

Digital performance marketing company XLMedia continued its buying spree today with a swoop on a US comparison website. The Aim-listed firm has added young adult personal finance site Moneyunder30.com to its portfolio for $7m (£5.4m). XLMedia is targeting further US expansion, following its acquisition of Canadian credit card comparison site Greedyrates.

A Saudi investor has taken a significant stake in the Independent, potentially pumping millions of pounds into the liberal news website but may spark a controversy about the human rights record of the Middle Eastern country. The deal, which was first report by Middle East Eye, could value the Independent at more than £100m

Press Release: Investment Week founder Tim Weller and the leadership team of parent Incisive Media have secured a management buyout (MBO), that allows the business to accelerate its growth strategy under long-term private ownership. The MBO was led by Tim Weller, founder and chairman, CFO Jamie Campbell-Harris and CEO Jonathon Whiteley; a team who have worked together in the business for two decades.

Gojimo, an app that helps U.K. high school students prepare for exams, has been acquired by Telegraph Media Group, the publisher of The Daily Telegraph and The Sunday Telegraph newspapers. Terms of the deal remain undisclosed, but from what I gather the Gojimo team are staying on and the company will still be run as a separate entity.

Communications International Group (CIG), a leading pharmacy media and training solutions provider, has added 40,000 individuals to its online community overnight with the acquisition of Pharmacy Forum

Time Out Group has announced the acquisition of London-based events and ticket booking company YPlan

Peter Dubens, the publicity-shy entrepreneur who floated Time Out magazine, has generated a €129m (£108m) windfall for his listed private equity firm Oakley Capital, after it sold an online dating website to a German broadcaster

Publishing and events group Ascential has agreed to buy US e-commerce analytics provider One Click Retail in a deal worth more than $44m. One Click Retail provides data analytics to help consumer groups increase online sales, and was founded by former Amazon and Walmart executive Spencer Millerberg

Press Release: Future plc (LSE: FUTR, “the Group” or “Future”), the international media group and leading digital business, has acquired Next Commerce Pty Ltd (“Next Commerce”), a digital shopping comparison business with operations in Australia and across South East Asia, for an undisclosed cash consideration

TV broadcaster outbids tech publisher Ziff Davis for bankrupt online media group

Apax Partners said July 19 it has agreed to buy Dominion Marine Media. Financial terms weren’t announced. Dominion Enterprises, a subsidiary of Landmark Media Enterprises, is the seller. Dominion Marine operates recreational marine digital marketplaces – BoatTrader, boats.com, YachtWorld, and CosasDeBarcos – which attract over 62 million unique visitors annually

US telecoms group wants to offer an alternative to Google and Facebook but some are sceptical

Publishers are scrambling quickly to launch Millennial content hubs, but Hearst is opting for the turnkey approach. The company announced that it’s extending its partnership with telecommunications giant Verizon to acquire Complex and its massive Millennial video audience

It is understood it is seeking a linkup with a private equity firm that would take over Yahoo, with a publisher then taking over the news and media properties

Getting into the search and email businesses of a stumbling first-generation Internet company won’t move Time Inc. forward

Time Inc, the publisher of Sports Illustrated, People and Time magazine, is considering a deal to buy the core business of Yahoo Inc, Bloomberg reported, citing people familiar with the matter.

Time has heard a presentation from Citigroup bankers on pursuing a deal with Yahoo, the Bloomberg report said, adding that Citigroup had not been retained by Time

Independent film site joins Variety, Deadline Hollywood in Penske Media’s entertainment portfolio.