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Yahoo, AOL to be acquired by Apollo Funds for $5 billion

4May By AdityaNo Comments

ACQUISITION

Yahoo, AOL to be acquired by Apollo Funds for $5 billion

NEW YORK May 4, 2021 - Verizon media will be acquired by affiliates of Apollo the “Apollo Funds” for $5 billion. Verizon Media is comprised of iconic brands such as Yahoo and AOL, as well as leading ad tech and media platform businesses. Verizon will retain a 10% stake in the company, which will be known as Yahoo at the close of the transaction and continue to be led by CEO Guru Gowrappan. The corporate carveout will allow Verizon Media to aggressively pursue growth areas and stands to benefit its employees, advertisers, publishing partners and nearly 900 million monthly active users worldwide. “We are excited to be joining forces with Apollo,” said Guru Gowrappan, CEO, Verizon Media. “The past two-quarters of double-digit growth have demonstrated our ability to transform our me...

HubSpot Acquire Online Media Company The Hustle

23Feb By PriyankaNo Comments

ACQUISITION

HubSpot Acquire Online Media Company The Hustle

Feb 23RD, 2021: CRM-based platform Hubspot acquires an online media company The Hustle for an undisclosed deal. The Hustle produces a newsletter, podcast, and premium research content. The move will give HubSpot more ways to offer its community of scaling companies valuable content across a broader range of topics and a more diverse set of media. “For many customers, their first introduction to HubSpot is through our educational blog, Academy, and YouTube content, not our software. More recently, our customers have started to seek out news and trends-based content across new forms of media like podcasts, newsletters, and research,” said Kieran Flanagan, SVP of marketing at HubSpot. “By acquiring The Hustle, we'll be able to better meet the needs of these scaling companies by del...

Taboola Ready to Listed on NYSE After Merger with ION

25Jan By NitishNo Comments

Market

Taboola Ready to Listed on NYSE After Merger with ION

New York, NY – January 25, 2021 – Taboola, has entered into a definitive merger agreement with ION Acquisition Corp. 1 Ltd. (NYSE: IACA) under a special purpose acquisition company. The merger makes Taboola valuation approx $2.6 billion and Taboola expects to have $600 million of cash and cash equivalents on its balance sheet at closing. Prior to this merger Taboola raises $160 million and had approximately $240 million of cash and cash equivalents on its balance sheet. After the acquisition, Taboola name and will trade on the NYSE under the new symbol “TBLA”. The transaction is expected to close in Q2 of 2021. Founded in 2007 by Adam Singolda, Taboola enables digital property owners to harness the value of AI-driven recommendations and offers advertisers a way to effectively acc...

29May By AnkitaNo Comments

News

Google gives Emergency Funds to 5,300 local Online News Organizations

New York, May 29th, 2020: 5,300 small and medium local newsrooms around the world have been selected by Google to receive emergency funding from $5,000-$30,000 (approximately Rs 3.7 lakh-Rs 22.7 lakh). Covid-19 has upended the news industry, hitting local news particularly hard with job losses, furloughs, cutbacks, and even closure, Google said in a blog post. To provide some help, the Google News Initiative last month launched the Journalism Emergency Relief Fund. "Applications covering a number of publications under one organization will be capped at $85,000. As we await a final funding tally, we expect to spend tens of millions of dollars through the Journalism Emergency Relief Fund," said, Ludovic Blecher, Head of Google News Initiative Innovation. Google said in just two ...

Thomson Reuters Acquires Pondera Solutions

19Mar By AdityaNo Comments

ACQUISITION

Thomson Reuters Acquires Pondera Solutions

MINNEAPOLIS and ST. PAUL, Minn., March 19, 2020-- Thomson Reuters announced that it has acquired Pondera Solutions, a leading provider of technology and advanced analytics to combat fraud, waste, and abuse in healthcare and large government programs. However, the financial terms of the acquisition were not disclosed. Thomson Reuters serves government agencies at the federal, state and local level with solutions and resources to improve efficiencies, diminish risk and reduce fraud. The acquisition of Pondera Solutions will enhance the offerings in the risk, fraud and compliance space and will allow Thomson Reuters to expand on its strategic approach to deliver insight through advanced analytics, artificial intelligence and human expertise. "Thomson Reuters and Pondera share ...

HuffPost Closes North Africa Edition after 6 Years of Launch

4Dec By PriyankaNo Comments

News

HuffPost Closes North Africa Edition after 6 Years of Launch

The North Africa edition of US news site HuffPost, covering Morocco, Tunisia, and Algeria, announced its closure, six years after it launched. "As of December 3rd, HuffPost Maghreb will no longer be publishing content," the site's homepage read, inviting readers to visit the US version. HuffPost Maghreb was the first version of HuffPost formerly Huffington Post to cater specifically to an African audience. Launched in the United States in 2005 and since rolled out in several other countries, HuffPost has since 2015 been owned by US telecoms firm Verizon. The North African version had offices in Rabat, Tunis and Algiers, and posted content written by its own teams and outside contributors in a blog section. No explanation was given for the closure apart from it "based on str...

31Oct By AnkitaNo Comments

FUNDING

Brut. Raises $40M in New Funding, Launch Operation in USA

NEW YORK, 31st Oct 2019-- Leading next-gen global digital media brand Brut. officially launched in the USA. Brut. also announced that it raises $40M in Series B funding led by Red River West and blisce/. Other investors include Aryeh Bourkoff, Founder and CEO of LionTree LLC, and Eric Zinterhofer, Founding Partner of Searchlight Capital Partners. The company will use this new fund to continue its worldwide expansion, starting with bolstering its operations in the U.S. “Conversation has been the biggest revolution in media consumption,” said Guillaume Lacroix, founder, and CEO of Brut. “We are engaging the most aspirational audience millennials and Gen Zers and sparking positive social dialogue around key issues. Our editorial tackles the topics that are most important t...

13Jun By PriyankaNo Comments

News

To Revolutionize Indian Online Media Forum NBB launched its platform

New Delhi, May 13th, 2019: A conception addressing pain points of the growing brands and providing them a platform to showcase their individuality and USP, Next Big Brand (NBB) by serial entrepreneur and social influencer, Abhishek Kumar Gupta is in the market to change the dynamics of India’s long sought brand culture. NBB (Next Big Brand) is a Brand Centric Media company that keeps you updated with the recent updates, news, know how’s and know what's of brands both local and global. In a universe of brands, NBB is the correct storyteller, you can count on. It envisions to make brand-centric news and updates globally accessible while creating an avenue with 360-degree solutions for brands, create synergy among the people and industry folks. A platform that can nurture and help brands...

Japanese Media Platform Nikkei acquired online media Deal Street Asia

26Apr By NitishNo Comments

ACQUISITION

Japanese Media Platform Nikkei acquired online media Deal Street Asia

TOKYO-- Japanese media platform Nikkei acquires a majority stake in DealStreetAsia, a Singapore-based online media startup. As per the press release, Deal street asia focus on corporate investment activity in Southeast Asia and India. The deal will enable the Japanese media group to deepen its coverage of the fast-growing Asian startup ecosystem and tech industries, Nikkei said in a news release. The terms of the transaction were not disclosed. Nikkei bought DealStreetAsia shares from existing investors SPH Ventures, North Base Media, Alpha JWC, K2 VC and SGAN, as well as from angel investors such as Paytm CEO and founder Vijay Shekhar Sharma and prominent American investor Jim Rogers. Indian business daily Mint, published by the Hindustan Times, will remain a min...

Printline Media Concludes First Round Funding With Stellar List Of Investors

19Jul By RishabhNo Comments

News

Printline Media Concludes First Round Funding With Stellar List Of Investors

Printline Media Pvt Ltd., a venture founded by Shekhar Gupta, has recently announced the conclusion of its first round of funding with a stellar list of investors. N.R. Narayana Murthy, Ratan Tata, Nandan Nilekani, Uday Kotak Family, Kiran Mazumdar Shaw, Bangalore-based tech entrepreneur Rajiv C. Mody, Paytm founder Vijay Shekhar Sharma, Chairman, LVMH Asia Ravi Thakran, IIFL founders Nirmal Jain, R. Venkataraman, Karan Bhagat and Yatin Shah are eminent investors in the venture. Printline Media has also announced that it will publish ThePrint, a multi-media, mostly digital news platform. Widely respected and accomplished journalist Pranab Dhal Samanta being its Editor. This launch will open possibilities across platforms for serious, substantive and probing journalism, w...

19Aug By reutersNo Comments

News

Gawker.com to Shut Down Next Week

U.S. internet publisher Gawker Media Group said on Thursday that it would shut down Gawker.com next week, ending the online news and gossip website's 14-year run. The decision comes two days after Univision Holdings Inc won a bankruptcy auction to acquire Gawker for $135 million, outbidding media company Ziff Davis LLC. Univision's winning bid for Gawker will go before a U.S. bankruptcy judge later in the day. Gawker - which also operates popular women's website Jezebel, tech blog Gizmodo and gaming website Kotaku - said near-term plans for the website's coverage and archives have not yet been finalized. "Our other sites, including Kotaku, live on, but losing the vibrant Gawker.com hurts," tweeted Stephen Totilo, editor-in-chief of Kotaku. Gawker sought bankruptcy in June after fa...