Emap Buys 40 Percent Stake in NextGen
By Rafat Ali - Wed 04 Jul 2007 09:41 AM PST
Emap, the biggest UK magazine publisher, has become the latest UK media company to invest in the Indian market, investing $7.5 million (Rs. 30 crore) in Mumbai-based magazine company NextGen Publishing. It gets a 40.1 percent stake in the company which publishes the Indian edition of Car magazine and several other consumer titles including Bike India, The Ideal Home and Computer Active, which is licensed from UK technology publisher VNU, reports Guardian.
Next Gen also publishes B2B titles including Commercial Vehicle and a series of business directories online and in print for three Indian cities under the Forbes Yellow Pages brand. More details in release.
Posted in: JV & Investment, Magazines
