Associated Northcliffe Digital acquires 50% of Globrix

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ACQUISITION 
FDN Database Reference:  F231109-306
 
Acquirer:  Associated Northcliffe Digital
ACQ Web:  http://www.and.co.uk
Location:  UK, London
Region:  Europe
Description:  AND works  with the newspaper divisions of A&N Media to extend their services online and through other digital channels. The portfolio includes the newspaper companion sites of A&N Media’s national and local newspapers, including Mail Online, Standard.co.uk and Metro.co.uk, and the ‘this is’ network of sites. They also publish a range of digital magazines, including This is Money.They also operate in online classified markets – recruitment, property, motors, and dating.
Category:  Media
Contact 1:  Richard Titus, CEO of AND
Contact 2:  Mark Milner, CEO of TDPG 
 
Vendor:  Globrix
Vendor Web:  http://www.globrix.com
Location:  UK, London
Region:  Europe
Description:  UK’s largest free-to-list property search engine
Category: Property
Contact:  Daniel Lee, CEO
 
Aprox. Value:  Undisclosed
 
Details:  AND, the digital consumer division of A&N Media (part of DMGT plc) and parent of The Digital Property Group (TDPG), has acquired 50% of Globrix. The UK property portal will join the TDPG network. AND will also support the management of Globrix to expand its existing platform, to provide fully hosted portals to international media partners.  Globrix already powers Globrix.ie in a strategic partnership with Independent Newspapers Ireland and is in discussions with a number of other parties internationally.  AND will provide capital, immediate credibility and access to international media partners that will accelerate this business venture.
 
Link: Press Release

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