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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PRH Children’s acquires Vincent’s Fairy Tales for Millennials

Penguin Random House UK Children’s has bought world rights to 12 fairy tale retellings by Bruno Vincent, author of the Enid Blyton for Grown-ups series. Continue reading at The Bookseller

[ The Bookseller | 2019-08-05 19:08:41 UTC ]
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Orion's Clare Hey returns to S&S UK

Orion’s Clare Hey will be returning to Simon & Schuster UK to take up the role of publishing director of fiction across adult publishing. Continue reading at The Bookseller

[ The Bookseller | 2019-08-05 05:51:21 UTC ]
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Book Deals: Week of August 5, 2019

Houghton Mifflin Harcourt lands a new Lois Lowry book, Julia Alvarez reemerges at Algonquin, and more in this week's notable book deals. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-08-02 04:00:00 UTC ]
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This Week's Bestsellers: August 5, 2019

The 2018 back-to-school picture book ‘We Don’t Eat Our Classmates’ is the #8 book in the country, thanks to some timely promotion. Plus Laura Lippman’s latest Baltimore crime novel, ‘Lady in the Lake,’ stirs up local interest, and ‘Ask Again, Yes’ is the summer reading pick of ‘The Tonight Show.’ Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-08-02 04:00:00 UTC ]
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S&S UK pre-empts Bishop's debut in two-book deal

Simon & Schuster UK has pre-empted journalist Caroline Bishop’s "uniquely beautiful" debut novel in a two-book deal. Continue reading at The Bookseller

[ The Bookseller | 2019-07-31 22:16:28 UTC ]
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William Collins nets James Grant's history on UK's "unwritten" constitution

William Collins has acquired a new history of the British Constitution by legal expert and academic James Grant, about the UK's "unwritten" constitution. Continue reading at The Bookseller

[ The Bookseller | 2019-07-31 20:13:39 UTC ]
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Deutsche Bank considering cutting more floors at future Columbus Circle home: report

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[ Crains New York | 2019-07-30 12:59:30 UTC ]
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PRH Added £25 Million to Pearson's First Half Earnings

As Pearson continues to overhaul its education operations, the company said its stake in Penguin Random House contributed £25 million to its adjusted operating profit, up from £22 million in the first half of 2018. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-07-29 04:00:00 UTC ]
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UK’s Polari Book Prize Names Its 2019 Longlists: Two Awards, 12 Contenders

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[ Publishing Perspectives | 2019-07-27 03:22:27 UTC ]
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'The future is creativity': Children's book author Hervé Tullet nurtures kids' imaginations at ICA LA

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[ Los Angeles Times | 2019-07-26 10:00:39 UTC ]
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UK’s National Centre for Writing Turns to Eco-Crime for ‘Noirwich’ Fest

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[ Publishing Perspectives | 2019-07-26 05:30:50 UTC ]
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‘Crawdads’ Tops One Million Print Sales

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[ Publishers Weekly | 2019-07-26 04:00:00 UTC ]
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[ The Bookseller | 2019-07-26 01:03:29 UTC ]
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Vice UK staff unionise and urge other online media to follow suit

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[ The Guardian | 2019-07-25 17:53:06 UTC ]
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Getty Trust Leads Group of Foundations Acquiring Ebony Archives for $30M

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Less ado: Boris Johnson's Shakespeare book delayed for 'foreseeable future'

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[ The Guardian | 2019-07-24 13:09:42 UTC ]
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Rachel Abbott tops first Amazon weekly UK chart

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Bustle Digital Group Acquires Tech and Science Site Inverse

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[ AdWeek | 2019-07-23 17:51:26 UTC ]
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Boris Johnson Shakespeare book shelved 'for foreseeable future' after leadership win

Hodder and Stoughton has shelved plans to publish Boris Johnson’s long-delayed book on Shakespeare “for the foreseeable future” after he was announced as the next Prime Minister.  Continue reading at The Bookseller

[ The Bookseller | 2019-07-23 01:30:30 UTC ]
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Walker's 'future rebels' handbook goes to Icon for undisclosed sum

Icon has signed up an “inspiring handbook for future rebels and revolutionaries”, Five Rules For Rebellion, by Women’s Equality Party founding leader Sophie Walker. Continue reading at The Bookseller

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