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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Pirate ebook websites to be blocked in UK

Online piracy is usually associated with music, movies, and software. But the ever-growing popularity of ereaders such as the Amazon Kindle has also led to a burgeoning ebook piracy scene. The UK has been trying to clamp down on piracy recently, and the latest target is a raft of sites offering... Continue reading at Betanews

[ Betanews | 2015-05-27 00:00:00 UTC ]
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PRH and Amazon UK Sparring Over Terms?

Penguin Random House and Amazon.co.uk are involved in negotiations for new sales terms, but representatives from the publisher denied speculation that Penguin UK was thinking of withholding it titles from the retailer if a deal isn't reached. Continue reading at Publishers Weekly

[ Publishers Weekly | 2015-05-26 00:00:00 UTC ]
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Ex-BBC executive behind Little Britain joins Penguin Random House UK

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[ The Guardian | 2015-05-26 00:00:00 UTC ]
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PRH UK and Amazon facing terms dispute

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[ The Bookseller | 2015-05-26 00:00:00 UTC ]
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Mode Media raises $30 million for lifestyle media publishing platform

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[ Silicon Valley Business Journal | 2015-05-23 00:00:00 UTC ]
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Vie acquires psychiatrist Gask

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[ The Bookseller | 2015-05-23 00:00:00 UTC ]
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UK Publishing is “In A Good Place,” says PA CEO

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[ Publishing Perspectives | 2015-05-21 00:00:00 UTC ]
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Alma scores first UK Number One with Travelling to Infinity

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[ The Bookseller | 2015-05-21 00:00:00 UTC ]
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Scribe UK buys YouTube scientists

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[ The Bookseller | 2015-05-20 00:00:00 UTC ]
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The Birth of Race-Based Slavery

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[ Slate | 2015-05-19 00:00:00 UTC ]
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[ Publishers Weekly | 2015-05-18 00:00:00 UTC ]
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[ Publishers Weekly | 2015-05-18 00:00:00 UTC ]
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Thessaloniki Book Fair: A Little Miracle with an Uncertain Future

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[ Publishing Perspectives | 2015-05-18 00:00:00 UTC ]
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Scribner UK signs American Housewife

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[ The Bookseller | 2015-05-16 00:00:00 UTC ]
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[ Publishers Weekly | 2015-05-15 00:00:00 UTC ]
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Macmillan acquires sports psychology titles

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[ The Bookseller | 2015-05-15 00:00:00 UTC ]
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[ The Bookseller | 2015-05-14 00:00:00 UTC ]
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Verizon and AOL deal gives us a glimpse into the future of advertising

The $4.4bn purchase by the US telecoms giant will help overcome the ad industry’s biggest problem Verizon buying AOL wasn’t the last deal we in agency land ever expected, but to most it’s come as a bit of a shock. It feels to me more like Apple buying Beats, than Comcast trying to merge with... Continue reading at The Guardian

[ The Guardian | 2015-05-14 00:00:00 UTC ]
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[ The Bookseller | 2015-05-14 00:00:00 UTC ]
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[ The Bookseller | 2015-05-14 00:00:00 UTC ]
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