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 ]
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'Leading the entertainment pack': UK print book sales rise again

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[ The Guardian | 2019-01-03 00:00:00 UTC ]
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The Year in Future Tense Fiction

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[ Slate | 2018-12-31 00:00:00 UTC ]
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Amazon UK brings in ebook gifting

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[ The Bookseller | 2018-12-25 00:00:00 UTC ]
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SoA calls on ACE to increase diversity in the arts and secure libraries' future

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[ The Bookseller | 2018-12-21 00:00:00 UTC ]
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Jim McKelvey’s latest venture raises $20 million

Based in Clayton, Invisibly is seeking to help publishers monetize digital content they put on the internet. Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2018-12-21 00:00:00 UTC ]
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UK to press for release of Reuters journalists jailed in Myanmar

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[ The Guardian | 2018-12-21 00:00:00 UTC ]
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Three UK publishers join 2019 Jerusalem International Book Forum

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[ The Bookseller | 2018-12-21 00:00:00 UTC ]
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PRH UK pledges £15k to Knights Of bookshop

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Rowman & Littlefield acquires Hal Leonard performing arts list

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[ The Bookseller | 2018-12-19 00:00:00 UTC ]
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Facebook users cannot avoid location-based ads, investigation finds

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[ The Guardian | 2018-12-19 00:00:00 UTC ]
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Tramp Press appoints UK publishing director in bid for growth

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[ The Bookseller | 2018-12-18 00:00:00 UTC ]
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Rowman & Littlefield Acquires Hal Leonard Trade Titles

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[ Publishers Weekly | 2018-12-17 00:00:00 UTC ]
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Religious Reading: Spotlight on Faith-Based Publishing

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[ Publishers Weekly | 2018-12-14 00:00:00 UTC ]
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Canongate acquires Ryzov’s The Kremlin School of Negotiation

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UK Trade Associations Call for Professional Behavior in a Diverse Industry

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[ Publishing Perspectives | 2018-12-08 00:00:00 UTC ]
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Failure to protect exhaustion rights 'will fatally undermine UK publishing', warns Trollope

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[ The Bookseller | 2018-12-07 00:00:00 UTC ]
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The UK’s Sunday Times/PFD Award Names Adam Weymouth Young Writer of the Year

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[ Publishing Perspectives | 2018-12-07 00:00:00 UTC ]
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Fox Chapel Acquires Old Pond Publishing

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Ebury acquires Love Island winner Dani Dyer's first book

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Forget Zuckerberg – the tech giants don’t have to own the future | John Harris

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