Lycos Europe Sells Its Stake In Tom’s Hardware Publisher Best Of Media For $2.5 Million
By Robert Andrews - Mon 12 Nov 2007 03:36 PM PST
Lycos Europe has sold its eight percent stake in France’s Best Of Media to Alter Finance Capital for about $2.5 million. Best Of Media is the online publisher behind the 11-year-old Tom’s Hardware tech reviews site, its spin-offs and others in French. (Via release). Best Of Media merged Tom’s Hardware and its TG Publishing parent in to what it rather boldly claims is Europe’s third-biggest online publisher in April 2007. Lycos Europe has been struggling in the last year or two to make money from online ads and has been ploughing money in to developing its content offerings.
Posted in: Countries, UK & Europe, VC+M&A
Tags: best of media, alter finance capital, lycos europe,
