Announced
Completed
Financials
Sources
Tags
magazines
Publishing
Friendly
Single Bidder
United Kingdom
Completed
Majority
Private
Acquisition
Domestic
Synopsis
Daily Mail and General Trust, which owns news titles, events and data businesses, completed the acquisition of New Scientist, a science magazines, for $97m. "It is a natural step in our consumer strategy to improve the quality of our revenues through building up subscriptions and digital capabilities. We are committed to supporting the talented team and their plans for the future and are confident that the business is well positioned for future growth," Paul Zwillenberg, DMGT CEO.
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