Home » Acquisitions/Divestment/Stakes
Facebook to buy Instagram for $1 bn
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Washington: Facebook will purchase the popular photo sharing app Instagram for $1 billion, Facebook's CEO Mark Zuckerberg has announced.
"For years, we've focused on building the best experience for sharing photos with your friends and family," Zuckerberg said in a Facebook post Monday.
"Now, we'll be able to...
Possible Worldwide to acquire digital agency Carnation in Hungary
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WPP announces that its wholly-owned operating network Possible Worldwide, the global interactive marketing agency, has agreed to acquire all of the shares in Carnation Internet Tanácsadó Zrt in Hungary (“Carnation”).
Founded in 1997 and headquartered in Budapest, Carnation is a full-service digital marketing services...
WPP acquires Crowdverb, an advocacy firm in the US
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WPP announces that its wholly owned subsidiary Burson-Marsteller has acquired the assets of Crowdverb and that it will be aligned with Direct Impact, a leading grassroots advocacy firm that is also part of Burson-Marsteller.
Crowdverb is a start-up company based in Seattle, Washington, with an office in Austin, Texas. Crowdverb specializes...
WPP acquires EffectiveUI in Denver, Colorado
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WPP announces that it has acquired all the assets of EffectiveUI, Inc. ("EffectiveUI"), a leading user experience agency that designs and develops custom web, mobile, desktop and touch-enabled applications.
Founded in 2005, EffectiveUI is based in Denver, Colorado with an additional office in Rochester, New York and employs 100...
Meredith Completes Acquisition of Allrecipes.com From Reader’s Digest
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Des Moines : Meredith Corporation and The Reader's Digest Association Inc. announced today that they have closed on the transaction for Meredith to acquire Allrecipes.com, the world's No. 1 digital food brand.
The acquisition of Allrecipes.com places Meredith first in comScore's Food Community rankings, and more than doubles...
Media General may sell Newspaper business
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Richmond: Media General, Inc. recently announced that it is exploring the potential sale of newspaper operations. Media General said it has received inquiries from several third parties regarding the potential purchase of certain of its print assets.
The company wishes to ensure that any divestiture it may make maximizes shareholder...
Meredith acquires World’s Top Food Website Allrecipes.com
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Des Moines : Meredith Corporation and The Reader's Digest Association, Inc. announced today that Meredith, the leading media and marketing company serving American women, has agreed to purchase Allrecipes.com, the world's No. 1 digital food site.
"The acquisition of Allrecipes.com, the market leader in the digital food...
Burson-Marsteller agrees to acquire majority stake in Pohjoisranta Oy in Finland
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WPP announces that Burson-Marsteller, its wholly-owned global public relations and public affairs firm, has agreed to acquire a majority equity stake in Viestintätoimisto Pohjoisranta Oy ("Pohjoisranta") in Finland.
Pohjoisranta, based in Helsinki, has a team of more than 40 professionals and is one of Finland’s largest...
Kantar to acquire majority stake in Oasis Insights
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WPP announces that it has agreed to acquire, through the Kantar network, a majority stake in Oasis Insights (Private) Limited ("Oasis"), an insight and consultancy business based in Karachi, subject to regulatory approvals.
Founded in 1996 by Mr Moazzam Al Qadri, Oasis offers insight and consultancy services to clients across...
The New York Times Company to Sell Its Regional Media Group to Halifax Media Holdings LLC
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New York : The New York Times Company has entered into an agreement to sell its Regional Media Group, consisting of 16 regional newspapers, other print publications and related businesses, to Halifax Media Holdings LLC for $143 million in cash, subject to certain adjustments.
The transaction is expected to close within a few weeks and...