Anthem Publishing acquires Women’s Running magazine

AnthemAnthem Publishing has acquired the multi-award-winning Women’s Running magazine from Wild Bunch Media. The terms of the transaction were not disclosed.

Women’s Running launched in 2010, and was named Consumer Magazine of the Year 2011 and Consumer Media Brand of the Year 2015 at the PPA Independent Publisher Awards, as well as winning four other industry awards. It’s the UK’s only running title dedicated to helping women enjoy and improve their running. The deal includes the Women’s Running website which has over 90,000 unique users per month, as well as the Facebook community of some 220,000 followers. The purchase does not affect Men’s Running, which remains a Wild Bunch Media brand.

Anthem CEO Jon Bickley said, “We’re delighted to bring Women’s Running on board at Anthem to join our emerging group of women’s wellness brands. Women’s Running is a title I’ve admired for many years for its powerfully strong editorial proposition and the unique relationship it enjoys with its readers and advertisers. We can’t wait to immerse ourselves in this market and bring the same levels of investment and focus to it that have proved successful with our own titles such as Vegan Food & Living and Colouring Heaven.”

UK, Bath & London

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THQ Nordic acquires German game developer and publisher HandyGames

THQ NordicTHQ Nordic has acquired the game developer and publisher HandyGames, headquartered in Giebelstadt, Germany.

THQ Nordic GmbH is acquiring 100% of the shares for a total cash consideration of 1 million euro. In addition, the parties have agreed a potential performance based earnout of up to 1.5 million euro.

Founded in 2000, HandyGames has released more than 150 games on a multitude of platforms, using a wide range of technologies. Current game development is focused on iOS, Android, Oculus Rift, Samsung Gear VR, HTC Vive, tablet computers, Android TV, Wearables as well as digital-only releases on next generation consoles. The company currently has about 50 employees.

HandyGames will continue operating as a developer and publisher for value-priced projects under the management of THQ Nordic GmbH in Vienna.

THQ Nordic MD Klemens Kreuzer said, “It is a true win-win situation for all parties involved, as HandyGames perfectly complements the setup of the rest of our group as the new ‘go to’-publisher for small- and mid-sized developers and projects and will benefit from our network and infrastructure in return. In joining forces with HandyGames, THQ Nordic is tapping into the VR Games segment, and gains access to one of Europe’s most powerful mobile games distribution network”.

Austria, Vienna & Germany, Geibelstadt

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XLMedia acquires InvestorJunkie.com for $5.8M

XLMediaXLMedia, a provider of digital performance marketing, is to acquire InvestorJunkie.com, a US personal finance website for US$5.8 million.

InvestorJunkie is a website focused on providing information and reviews of various investment channels and financial products, including banking, stock brokers, robo advisors, lending, retirement accounts and more. The acquisition is expected to complete in the second half of 2018.

InvestorJunkieOry Weihs, Chief Executive Officer of XLMedia, commented: “We are delighted to announce the acquisition of InvestorJunkie, a very well known brand in North America. The U.S. personal finance market is a key growth market for our business, and this latest acquisition reaffirms our commitment to further diversify our revenue base. We are continuing to build a strong foothold in the North American market and look forward to accelerating our growth strategy to further leverage both our skillset and technology platform in what is a relatively nascent sector.”

UK, Jersey, St. Helier & USA, Long Beach, NY

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Uzabase to acquire business news outlet Quartz for between $75 and $110M

Uzabase QuartzUzabase, a Japanese business intelligence and media company listed on the Tokyo Stock Exchange, is to acquire Quartz, a global business news outlet created and owned by Atlantic Media. The deal values Quartz between $75 and $110 million depending on achievement of future financial and operating performance in 2018. The deal expected to close within the next 30 days.

Quartz is a guide to the new global economy for business professionals. Founded in 2012, staff numbers around 215 around the world, including around 100 journalists, with presence in New York, London, Nairobi, New Delhi, Hong Kong, and San Francisco.

Quartz Co-President and Editor in Chief Kevin J. Delaney and Co-President and Publisher Jay Lauf — will become Co-CEOs of Quartz, reporting to Uzabase and NewsPicks Founder and CEO Yusuke Umeda. Quartz Chief Revenue Officer Joy Robins and Chief Product Officer and Executive Editor Zach Seward will continue in their positions. Quartz will retain its name and brand and continue operating from its New York City headquarters.

Quartz will assume responsibility for the English-language version of NewsPicks on behalf of Uzabase. NewsPicks is a subscription business news platform and one of Uzabase’s two core businesses. The other is SPEEDA, a financial business-intelligence service.

“We created Quartz to be a new kind of news organization, pioneering better ways to serve readers with innovative news products and smart journalism from around the world. We’re proud of our accomplishments since 2012 and are really excited about this ambitious new chapter working with NewsPicks as part of Uzabase,” said Mr. Delaney.

Atlantic Media will continue to provide corporate support to Quartz through a transition period of at least 12 months following the acquisition. Atlantic Media Chairman and owner David Bradley will continue to work with the company as a senior advisor and shareholder. Bradley, with Atlantic Media President Michael Finnegan, will continue to own and operate the privately held holding company’s other businesses, National Journal Group, Government Executive Media Group, and The Atlantic. (Emerson Collective is the majority owner of The Atlantic.)

Uzabase was founded in 2008 by former investment bankers Yusuke Umeda and Ryosuke Niino, as well as Yusuke Inagaki, a former IT consultant. The company’s primary products are NewsPicks, a subscription business news platform, and SPEEDA, a B2B financial information and corporate intelligence platform.

Japan, Tokyo & USA, New York, NY

Entertainment One completes acquisition of Sierra Pictures

Entertainment OneEntertainment One has completed the purchase of the remaining stake in feature film production and global sales company Sierra Pictures, in which it first invested in 2015. As part of the move, Nick Meyer and Marc Schaberg have joined the company as president of film and executive VP of film and global operations, respectively. The terms of the transaction were not disclosed.

Sierra Pictures has backed the likes of “Tully,” “American Animals,” and the upcoming adaptation of James Frey’s “A Million Little Pieces.” In his new role, Meyer will oversee all film content across eOne, while remaining CEO of Sierra/Affinity, the international sales company that is wholly owned by eOne. Schaberg will also continue as COO of Sierra/Affinity in addition to taking on his new role at eOne. Sierra/Affinity will remain independently operated.

eOne’s CEo Darren Throop said, “Welcoming Sierra to eOne is an important next step in our strategy to increase our direct involvement and ownership in content. Together, we will continue to build strong relationships with high-profile creative talent domestically and abroad”.

Canada, Toronto & USA, Beverly Hills, CA

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Penguin Random House India acquires Hind Pocket Books

PenguinPenguin Random House India has acquired Hind Pocket Books, one of the oldest and most respected Hindi language publishers in the country.

Established in 1958, Hind Pocket Books are widely considered as pioneers in publishing Hindi and Urdu paperbacks in India, and have an extensive list of critically acclaimed and commercially successful titles. They have published some of the most renowned authors from the subcontinent and across the world, including Amrita Pritam, Shivani, Acharya Chatursen, Gulshan Nanda, Narendra Kohli, Khushwant Singh, R K Narayan, Dr Radhakrishnan, Dominique Lapierre, Osho, Thich Nhat Hanh, Ruzbeh Bharucha, Wayne Dyer, to name a few, and their titles and authors have won several prestigious awards, including the Nobel Prize, the Sahitya Akademi Awards, and the Jnanpith Award.

Markus Dohle, Chef Executive Officer Penguin Random House said, “We are thrilled to welcome Hind Pocket Books to the Penguin Random House global family of publishers. Our operations in India have been a success story for us, and this acquisition represents our commitment to expand our local-language publishing as we continue to implement our global strategy of growing in our key markets such as India”.

India, Haryana & New Delhi

 

Incisive Media acquires Open Door Media

Incisive MediaInvestment Week’s parent Incisive Media has acquired Open Door Media Publishing Limited, publisher of Investment Europe and producer of market-leading conferences for fund selectors across Europe.

ODMP is an award-winning financial services media company that brings fund selectors and asset management companies together through its publications, digital products, and extensive portfolio of over twenty conferences across Europe. The company also publishes International Investment for the global adviser community and produces the International Fund and Product Awards, now in their nineteenth year.

Founded in 2013 by Nick Rapley (chairman) and Louise Hanna (director) through a management buyout of the Investment Europe brand from Incisive Media, ODMP has grown rapidly in five years to become a pre-eminent provider of business information and networking to the European asset management industry.

Jonathon Whiteley, CEO of Incisive Media, said, “We have known and worked with Nick, Louise and their team for many years and are excited that we are able to bring Investment Europe and International Investment back into the Incisive Media fold. This acquisition strengthens our asset management publishing and event properties and adds real depth and quality to our growing portfolio for the benefit of our readers, delegates and asset management clients.

UK, London

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Update: Department of Justice approves Disney bid for Fox

walt disney companyThe Department of Justice has approved the Walt Disney Company’s $71 billion bid for the entertainment assets of 21st Century Fox. The government’s approval was filed in federal court on the condition that Disney, which already owns ESPN, divest all of Fox’s 22 regional sports networks, which include valuable channels like the Yankees’ YES network.

“Today’s settlement will ensure that sports programming competition is preserved in the local markets where Disney and Fox compete for cable and satellite distribution,” Makan Delrahim, the head the Justice Department’s antitrust division, said in a statement.

USA, Burbank, CA & New York, NY

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Disney increases its bid for Fox to $71.3BN

walt disney companyThe Walt Disney Company has upped its bid to acquire 21st Century Fox by 35 % to $71.3 billion, following a rival bid from the Comcast Corporation last week for $65bn (£48.6bn) in cash.

Disney has also moved from of an all-stock deal for Fox, owner of assets including X-Men film studio 20th Century Fox, and a 39% stake in Sky, to a 50/50 mix of cash and shares.

USA, Burbank, CA & New York, NY

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Acuris acquires Sparkspread

AcurisAcuris, the BC Partners and GIC backed provider of data, research, intelligence and analysis, has acquired SparkSpread, an online news service providing intelligence on M&A and financing in the global energy business. The financial terms were not disclosed.

 

New York-headquartered SparkSpread was founded by journalists Will Ainger and Victor Kremer in 2005. It will become part of Acuris’ Infrastructure division.

“We are excited to welcome the acclaimed SparkSpread team to the growing Acuris family,” said Hamilton Matthews, CEO of Acuris. “We have been considering ways to broaden our energy sector coverage for asset managers, fund investors and advisors alike. We look forward to collaborating with Will and Victor to achieve this.”

 

UK, London & USA, New York, NY

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