TechMediaNetwork has acquired Bestofmedia Group, a global technology publisher and parent company to tech publications Tom’s Hardware, Tom’s Guide and Tom’s IT Pro. TechMedia Network’s portfolio includes TopTenREVIEWS, LAPTOP and Space.com. The terms of the deal were not disclosed. However, TechMediaNetwork’s CEO Greg Mason told WSJ that “Most of this is a stock deal. The Bestofmedia Group investors are wholly invested in the value that we think we can create with the combined businesses in the next couple of years. But this was not an asset sale.”
Founded in 2000, Bestofmedia is a global tech publisher, with more than 30 million monthly unique visitors and media properties operating in eight different languages. Dr. Thomas Pabst – the original Tom – founded Tom’s Hardware in 1996.
“When looking to increase our U.S. footprint, TechMedia Network immediately jumped to the forefront of potential partners with its growing audience of nearly 50 million monthly unique visitors and impressive content syndication network,” said Antoine Boulin, President, Bestofmedia Group. “Its portfolio of award-winning tech and science publications is a natural fit for our sites and the opportunity to marry their e-commerce engine with our world-class communities and our combined content expertise is an exciting prospect for the future of highly-specialized, vertical media.”
USA, New York, NY & France, Paris
- TechMediaNetwork acquires mobile technology magazine and website LAPTOP Posted on June 23, 2011