CoinDesk hires investment banker to explore options
CoinDesk Inc., a cryptocurrency-focused media company, has retained investment bankers at Lazard Ltd. to help it explore options including a partial or full sale, reports Wall Street Journal reporters Lauren Thomas and Vicky Ge Huang. Thomas and Huang report, “CoinDesk’s parent company, Digital Currency Group Inc., or DCG, has received multiple unsolicited offers north of $200 million […]
Fintech firm to buy financial news site The Fly
A financial technology firm has agreed to acquire financial news site The Fly for an undisclosed amount. The deal is expected to close by the end of March. The acquirer, TipRanks Ltd., analyzes financial data to provide market research tools for retail investors. The TipRanks Financial Accountability Engine scans and analyzes financial websites, corporate filings […]
Why Bloomberg would make an acquisition
Dylan Byers of Puck writes about why Michael Bloomberg would acquire another media company such as The Washington Post or The Wall Street Journal — even though the company said no talks have happened. Byers writes, “Unless Bezos wakes up one morning and decides to overhaul the Post, Mike Bloomberg may be the sole media entrepreneur with […]
Crain to acquire MiBiz for undisclosed amount
Crain Communications announced Wednesday that it has agreed to acquire MiBiz for an undisclosed amount. A story on Crain’s Detroit Business states, “The deal for MiBiz is effective Jan. 1, the companies announced Wednesday. Terms were not disclosed. “Detroit-based Crain acquired MiBiz, which launched in 1988, from privately owned MiBiz Inc. The purchase follows Crain’s acquisition […]
HousingWire parent buys real estate data company
HW Media, publisher of HousingWire, RealTrends and Reverse Mortgage Daily, announced Thursday it has acquired real estate data firm Altos Research for an undisclosed amount. Altos provides weekly market statistics, analysis and reporting for 99 percent of the zip codes in the United States. Altos founder and CEO Mike Simonsen will join HW Media executive team as president of […]
Business NH Magazine is sold
Business NH Magazine has been sold for an undisclosed amount to a group that includes its editor in chief. Granite Media Group, the new owners, is comprised of Matthew J. Mowry, who has served as editor of Business NH Magazine for 22 years; Christine Carignan, a 16-year veteran of the magazine, serving as its creative director; […]
Reuters acquires artificial intelligence financial news service PLX AI
In a message to staff today, interim president Matt Keen shared that Thomson Reuters has completed the acquisition of PLX AI – a financial news service – and will now begin the integration into Reuters News: Colleagues, I am delighted to share that Thomson Reuters has acquired PLX AI, a real time financial news service […]
Informa sells Lloyd’s List, world’s oldest B2B publication
Informa announced the sale of maritime news service Lloyd’s List to Montagu private equity in a £385m deal, reports Dominic Ponsford of Press Gazette. Ponsford writes, “Lloyd’s List was launched in 1734 and may be the oldest B2B title in the world. The print edition closed in 2013 but it has gone from strength to strength as a paywalled website […]
Forbes hires investment bank to explore sale
Business magazine Forbes has tapped the investment bank Citigroup to explore a sale after a previous deal to go public fell through, reports Benjamin Mullin and Lauren Hirsch of The New York Times. Mullin and Hirsch report, “In recent weeks, an offering document describing Forbes’s financials compiled by Citi has been circulated to companies in the media sector, […]
Forbes hires investment bank to explore sale
Business magazine Forbes has tapped the investment bank Citigroup to explore a sale after a previous deal to go public fell through, reports Benjamin Mullin and Lauren Hirsch of The New York Times. Mullin and Hirsch report, “In recent weeks, an offering document describing Forbes’s financials compiled by Citi has been circulated to companies in the media sector, […]
