UK-Based Future Acquires Purch for $132.5 Million

Future plc has reached an agreement to acquire U.S.-based rival Purch's consumer-facing brands, as well as its RAMP ad tech platform, for $132.5 million (£102 million), significantly expanding the London-based technology publisher's already growing North American footprint. Under the terms of the deal, expected to close in August, assets including Tom's Guide, Tom's Hardware, Live Science and Space.com, among other digital media brands—as well as Purch's multimillion-dollar ad tech licensing business—will join Future's U.S. portfolio, alongside consumer-facing brands such as PC Gamer and MacLife, and NewBay Media, which Future acquired in April for $13.8 million. "The two businesses share similar cultures," said Future CEO Zillah Byng-Thorne in a statement. "We both share our audiences' passion, we're data-driven, ambitious, and both have an innovative mindset. From day one, Future will be number-one in the U.S. consumer technology sector, and beyond this we see clear opportunities for combined growth." Not included in the sale to Future U.S. is Purch's small business-focused b2b unit, a portfolio whose properties include Business.com and Business News Daily as well as the online platform BuyerZone. That unit, which itself has expanded substantially in recent years under SVP and GM Aaron Bailey, will be rebranded as Business.com after the acquisition closes. "Our focus on content and commerce and the development of proprietary monetization technology enabled us to build a... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2018-07-19 00:00:00 UTC ]
News tagged with: #annual revenue #joining forces

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Daily Mail Is Now Posting 650 Videos a Day and Getting 383 Million Monthly Views

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[ AdWeek | 2016-05-13 00:00:00 UTC ]
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E-book sales in the UK decline for the first time

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[ Engadget | 2016-05-13 00:00:00 UTC ]
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Book Industry Guild of New York Discusses Faith-Based Publishing

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[ Publishers Weekly | 2016-05-11 00:00:00 UTC ]
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My Job in 5; Alba Adriana Proko, Digital Assistant, Kings Road Publishing

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[ The Bookseller | 2016-05-11 00:00:00 UTC ]
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Argyle Acquires Innovation Enterprise, CFO Publishing

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[ Folio Magazine | 2016-05-11 00:00:00 UTC ]
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Bauer merges its UK magazine publishing businesses

German multi-media owner brings together titles such as Take a Break, TV Choice, Kerrang! and Q in consolidation German media giant Bauer is to merge its two UK publishing operations, bringing together titles including Take A Break, TV Choice and Grazia with Heat, Kerrang! and Q.The two... Continue reading at The Guardian

[ The Guardian | 2016-05-11 00:00:00 UTC ]
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Survey: Translated Fiction Outsells English Fiction in the UK

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[ Publishing Perspectives | 2016-05-11 00:00:00 UTC ]
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[ The Bookseller | 2016-05-10 00:00:00 UTC ]
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[ The Bookseller | 2016-05-10 00:00:00 UTC ]
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[ The Bookseller | 2016-05-05 00:00:00 UTC ]
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[ Publishers Weekly | 2016-05-05 00:00:00 UTC ]
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[ The Bookseller | 2016-05-03 00:00:00 UTC ]
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[ The Bookseller | 2016-04-29 00:00:00 UTC ]
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[ The Bookseller | 2016-04-28 00:00:00 UTC ]
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[ The Guardian | 2016-04-27 00:00:00 UTC ]
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