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April 17, 2007
France's BestofMedia Acquires Tom's Hardware To Challenge CNET
BestofMedia, a 7 year old French technology online publisher, announced it has acquired TG Publishing AG, the company behind Tom's Hardware Guide, a multilingual web pub that tests and reviews computing gear (it is published in 11 languages). BestofMedia, which does about €10m annually in turnover, said the acquisition positions it as the "only Pan-European alternative" to Cnet Networks and IDG.
TG had been backed by German VC firm bmp and was founded in Germany by Thomas Pabst in 1996.
No disclosure on deal size.
Bestof claims 11.3 million unique readers based on Xiti stats, which puts it in the top 30 in France with an 18% penetration rate of French Internet users (source : Nielsen/NetRatings). With TG, the company can now lay claim to 19.8 million monthly unique visitors.
Founded in 2000 by Alfred Vericel, Bestofmedia Group, runs several sites dedicated to new technologies, including Bestofmicro.com, Presence-pc.com, Infos-du-net.com, Jeuxvideopc.com and Jeuxvideo-flash.com.
The Inquirer broke the news of a trade sale in early April, speculating the size of the deal was about $15M. Bestofmedia issued a press release on Monday, outlining the transaction and the rationale for the acquisition.
Posted on April 17, 2007 03:33 AM | Posted to News And Updates | Permalink
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