Oakley Capital acquires a controlling interest in Time Out New York

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.

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UK, London & USA, New York

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