Time Out Group plc has acquired Print and Digital Publishing Pty Limited, the Group’s Australian licensing partner. The partner runs Time Out in five cities in Australia.
Launched in 2007, Time Out Australia has established a digital portfolio across online, mobile and social channels as well as highly-curated monthly magazines in Sydney and Melbourne.
The acquisition follows the addition of Time Out Hong Kong in March 2017 to the Group’s network of owned and operated businesses which now comprises 71 cities in 17 countries.
Julio Bruno, CEO of Time Out Group plc, said: “With the acquisition of Time Out Australia, we continue the global expansion of our iconic brand and our evolution as a worldwide digital, transactional business. I am delighted to welcome a very successful and trusted licensing partner and its team to our network of owned and operated businesses.
Time Out is hugely popular amongst both locals and visitors to Australia and has built considerable brand awareness. We are all looking forward to continuing to grow the brand and help this engaged audience to discover, book and share the very best of Australia’s cities with our unique, curated content and local expertise.”
UK, London & Australia, Glebe, NSW
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- Tony Elliott sells 50% of time Out to Oakley Capital Posted on November 25, 2010