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.
Real estate agent Purplebricks said publishing group Axel Springer had bought an 11.5% stake in the company for £125m, while warning that its annual revenue growth would miss market expectations
Time, Sports Illustrated, Fortune, and Money are all up for sale as part of a plan to reduce costs by up to $500 million
Press release: Future plc (LSE: FUTR), the global platform for specialist media, today announces the proposed acquisition of five specialist consumer titles from Haymarket Media Group – What Hi-Fi?, Stuff, FourFourTwo, Practical Caravan and Practical Motorhome – for a consideration of up to £14m, the majority of which is in the form of cash, with the balance in shares
Publicis, the world’s third-largest advertising agency by revenues, has unveiled a wide-ranging strategic plan for the next three years to position itself in an industry beset by widespread disruption and the lowest growth since the financial crisis.
Press release: NEW YORK, March 01, 2018 (GLOBE NEWSWIRE) — UBM Brazil announced that it has acquired Grupo CanalEnergia, the leading events and media company in the Brazilian energy sector. The acquisition furthers UBM’s strategy to expand its operations in Brazil and in Latin American renewables
Press release: Following the announcement, in November 2017, of a process being under way to dispose of EDR, the US property information business, DMGT announces that a sale has been agreed. Silver Lake Partners and Battery Ventures, two leading private equity investors with experience in growing technology, data and software businesses and investing in evolving business models, will acquire EDR for $205 million
Apple is buying the magazine app subscription service Texture for an undisclosed amount. Texture offers US-based users unlimited access to more than 200 titles for a monthly fee of $9.99 (£7.19)
GateHouse Media has acquired the Austin American-Statesman from Cox Enterprises for $47.5 million. The deal is expected to close April 2. GateHouse Media says it is the U.S.’s largest owner of daily newspapers across the country, with 130 daily newspapers and more than 540 local market websites. The company is based in upstate New York. The Statesman, with its daily circulation of 85,000 and digital subscriptions of 16,786, will be one of GateHouse’s largest newspapers.
Messe Frankfurt further expands its international network: With the acquisition of Forest Exhibitions Ltd, the Group now has its own subsidiary in the United Kingdom.
Euromoney Institutional Investor PLC (LON:ERM) has acquired 100% of the business and assets of Extel, the group which runs the annual independent survey of quality across the European equities investment community, for an undisclosed sum from WeConvene.
Sherwin Publications has announced that, as of 28 February 2018, it now has full ownership of the TCS&D exhibition. Since 2011, the exhibition has been run in partnership with Informa Exhibitions. It is a bi-annual show which helps companies promote its products and services to the perishable product supply chain.
Digital communications group Next 15 said it had acquired innovation agency Brandwidth. Group for up to £10.3m. The consideration involved an initial payment of £6.2m, including £4.9m in cash and the rest in shares. Further payments in 2018 and 2020 were conditional on performance. The maximum total consideration of £10.3m represented a 5.5 times multiple of Brandwidth’s adjusted earnings before interest and tax in the year ended 30 June, Next 15 said.
Telegraph Events has sold the London Bike and Triathlon Show to Frazer Clifford’s Newtimber Media. No terms were revealed. Clifford will be a familiar face to many visitors to the exhibition having worked as the sales director on the event for the past nine years. He told CI.N that long-term colleague Matt Letch will also join Newtimber Media in an enhanced business development role.
Press release: Global construction information publisher KHL Group is acquiring the USA-based publisher Diesel & Gas Turbine Publication Group (D>P).
USA-based D>P, founded in 1935 and located in Wisconsin, is a leading publisher of information for the on-highway, off-highway, stationary and marine engine-powered equipment markets. It focuses on the construction and agriculture, power generation and commercial vehicle equipment sectors through its North American magazine Diesel Progress and globally through Diesel Progress International.
ReedPOP, the world’s largest producer of games and pop culture live events, is adding Gamer Network and its portfolio of leading events, websites, and video channels to its portfolio. The addition of Gamer Network marks ReedPOP’s first expansion beyond the event production business.
Nils Pratley of The Guardian writes: The wily media mogul finds himself in a battle to secure a Hollywood ending to his reign. Rupert Murdoch risks being out manoeuvred in a frenzy of media deal-making.
Plans to focus on its festivals and digital businesses could lead to a £300 million sale of Ascential’s exhibitions division. The specialist information group previously known as Emap announced the launch of a strategic review of its exhibitions business yesterday.
