Reuters are reporting that six months after buying half of Time Out’s London business, Investment firm Oakley Capital is acquiring 67.5% of the magazine and travel publisher’s New York business for 14.2 million pounds.
In November, DigiNet reported that Oakley Capital bought a 50 percent stake in Time Out London for 11.3 million pounds.
Shares of AIM-listed Bermudan based Oakley have gained 17 percent since the company bought a 50 percent stake in Time Out London.
Read the full story here
UK, London & USA, New York
- Tony Elliott sells 50% of time Out to Oakley Capital Posted on November 25, 2010