£85m is just dandy for Sudoku publisher
Sunday 27 November 2005
The Thomson family has beaten off rival bidders including IPC, the publisher of lads' magazine Nuts, as well as two private equity firms.
Puzzler Media is majority- owned by the private equity arm of the Dutch investment bank ABN Amro, which is set to double its money when it sells the business, cashing in on the recent craze for suduko. ABN Amro bought the stake in 2002 in a deal worth nearly £37m.
Puzzler Media said earlier this year that sales of Sudoku magazine were expected to hit 280,000 issues a month to become its best-selling publication.
Separately, there were rumours last week that ITV was having second thoughts about its planned acquisition of Friends Reunited, the website which puts childhood friends and old flames in touch.
It was reported a fortnight ago that ITV was the favourite to land the website, for around £120m. The company's advisers were instructed to move towards completion of the deal.
However, the City was wrong-footed by the news, with shares initially falling. Analysts and bankers have questioned the strategy, suggesting that a regional newspaper publisher could better exploit Friends Reunited's database of names and addresses for advertising purposes than a broadcaster such as ITV.
The company, which needs to find other ways of making money as its share of ad revenue from TV falls, wants to use the website to sell customised content over the internet to its members. The website would also drive traffic to its portal, itv.com.
ITV declined to comment on whether it is buying the website or not. Some bankers attributed the rumours of its waning interest to mischief making by its competitors.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits record low as popularity suffers in wake of Ukip sex scandal
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Germany sees 'visible rise' in support for far-right extremism in response to perceived 'Islamisation' of the West
iJobs Money & Business
£32000 - £35000 per annum + benefits: Ashdown Group: Marketing Services Manage...
£Neg. (DOE) + Excellent Benefits: Guru Careers: A Finance Account Manager with...
£40000 - £470000 per annum + bonus: Ashdown Group: Java Developer / J2EE Devel...
£45000 - £55000 per annum + Benefits: Ashdown Group: An exciting opportunity h...