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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5 Audiobook Essay Collections Ideally Suited to Your Quarantine Walks

As a verb, one definition of essay is to try. As horrible as 2020 was, let’s pretend it means to try again. Audiobooks of self-contained pieces between twenty and sixty minutes seem perfectly suited for walks, commutes, and household chores. Essays might also be perfect for attention spans... Continue reading at Literrary Hub

[ Literrary Hub | 2021-01-28 09:48:07 UTC ]
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Coronet acquires Morley's 'in-depth and candid' account of Nilsen interviews

Coronet, an imprint of Hodder & Stoughton, will publish an inside account by former investigative journalist Michael Morley of his interviews with serial killer Dennis Nilsen.  Continue reading at The Bookseller

[ The Bookseller | 2021-01-28 03:07:38 UTC ]
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Shamrock Capital Acquires Bayard Advertising

Shamrock Capital, the parent company of Adweek, has acquired New York-based Bayard Advertising, which specializes in recruitment marketing. Founded in 1923, on Bayard Street in Lower Manhattan, Bayard offers a suite of services, including branding, creative, digital media strategy, programmatic... Continue reading at AdWeek

[ AdWeek | 2021-01-27 23:07:08 UTC ]
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Here’s what you need to know about the book club service that just raised $40 million.

This morning, PR Newswire broke the news that Literati, an “innovative literary brand,” has just raised 40 million dollars in Series B funding. Among its investors is NBA giant Steph Curry. If you’re anything like me, you may have some questions, among them: What’s the $40 million being used... Continue reading at Literrary Hub

[ Literrary Hub | 2021-01-27 18:53:56 UTC ]
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Atlantic Books acquires ‘dazzlingly original’ guide to fandom in politics

Atlantic Books has acquired I Heart Politics: Why Fandom Explains What's Really Going On, Phoenix C S Andrews’ "dazzlingly original" guide to fandom in politics.  Continue reading at The Bookseller

[ The Bookseller | 2021-01-27 03:40:54 UTC ]
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Monique Roffey Wins the UK’s Costa 2020 Book of the Year Award

Roffey's book, based on a Taino legend, is set in 1976 on the Caribbean island of Black Conch. Tessa Sheridan has won the Short Story Award. The post Monique Roffey Wins the UK’s Costa 2020 Book of the Year Award appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2021-01-26 21:18:00 UTC ]
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Hachette Children's acquires Hill's 'myth-busting and celebratory' guide to periods

Hachette Children’s Group has secured the rights to My Period: Find Your Flow and Feel Period Positive!, the "one-stop positive guide to getting your period" from author and journalist Milli Hill. Continue reading at The Bookseller

[ The Bookseller | 2021-01-26 11:34:50 UTC ]
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Headline Review acquires two from Babalola in 'whirlwind' pre-empt

Headline Review has acquired Honey & Spice plus one more novel by Bolu Babalola, author of story collection Love in Colour (Headline, 2020).  Continue reading at The Bookseller

[ The Bookseller | 2021-01-25 14:45:57 UTC ]
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Wattpad has been sold to Naver, Korea’s leading internet platform, for $600 million.

Some news for self-published writers: this week, Publishers Weekly reported that Naver, Korea’s leading internet platform, is acquiring Wattpad for over $600 million in cash and stock. For those who aren’t among the 90 million people that used Wattpad in 2020, or who don’t have any fanfiction... Continue reading at Literrary Hub

[ Literrary Hub | 2021-01-22 18:51:40 UTC ]
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W&N acquires 'wildly inventive' novel from Cherie Dimaline

Weidenfeld & Nicolson will publish Empire of Wild by Canadian indigenous writer Cherie Dimaline on 1st April 2021.  Continue reading at The Bookseller

[ The Bookseller | 2021-01-22 10:24:01 UTC ]
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Walker Books acquires non-fiction from Rolle and Owusu

Walker Books has acquired a non-fiction title from Rudimental band member Leon “Locksmith” Rolle and author Derek Owusu.  Continue reading at The Bookseller

[ The Bookseller | 2021-01-22 04:26:28 UTC ]
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Onwe acquires books from Ferguson and Herd

Indie publisher Onwe has acquired Rab Ferguson’s middle-grade novel, The Late Crew, and a contemporary debut novel, See My Smile, by Mike Herd (pictured).  Continue reading at The Bookseller

[ The Bookseller | 2021-01-22 01:44:07 UTC ]
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Canongate acquires story collection from John Edgar Wideman

Canongate is to publish a set of stories from US writer John Edgar Wideman, 40 years after the author released his first collection.  Continue reading at The Bookseller

[ The Bookseller | 2021-01-20 14:47:16 UTC ]
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Aster acquires insomnia memoir by journalist Miranda Levy

Aster, part of Octopus Publishing Group, has acquired The Insomnia Diaries: How I Learned to Sleep Again by journalist Miranda Levy. Continue reading at The Bookseller

[ The Bookseller | 2021-01-20 14:19:20 UTC ]
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The Millions Top Ten: December 2020

In the final month of 2020, we retired two books to our Hall of Fame: one from a debut author and the other from a two-time veteran. The post The Millions Top Ten: December 2020 appeared first on The Millions. Continue reading at The Millions

[ The Millions | 2021-01-20 11:00:11 UTC ]
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Naver acquires Wattpad for over $600m

Korean internet giant Naver is to buy Wattpad for stock and cash, valuing the company at over $600m.  Continue reading at The Bookseller

[ The Bookseller | 2021-01-20 10:34:27 UTC ]
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5 Must-Listen Short Story Collections on Audio

These beautifully narrated audiobook short story collections tell precise, polished tales about Black women, the fantastical, and more. Continue reading at Book Riot

[ Book Riot | 2021-01-19 11:30:00 UTC ]
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Boiler House acquires Pester's 'unsettling' short stories

University of East Anglia publisher Boiler House Press is to publish Ben Pester’s debut short story collection Am I in the Right Place?  Continue reading at The Bookseller

[ The Bookseller | 2021-01-13 04:00:35 UTC ]
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Midas acquires The bks Agency

Cultural communications agency Midas has acquired literary agency The bks Agency. Continue reading at The Bookseller

[ The Bookseller | 2021-01-12 23:35:15 UTC ]
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Daunt Books Originals acquires 'landmark work' of Black studies professor

Daunt Books Publishing has acquired Ordinary Notes by Christina Sharpe, a work of creative non-fiction about memorial and remembrance.   Continue reading at The Bookseller

[ The Bookseller | 2021-01-11 23:40:05 UTC ]
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