This is Emap's first major digital acquisition on the consumer side of its business.
AOL Time Warner yesterday gained a significant foothold in Europe when it agreed the £1.15bn acquisition of IPC Media, the consumer magazine business behind titles including Marie Claire, NME, Horse & Hound and TV Times.
MOUNTAIN VIEW, Calif., November 13 , 2006– Google Inc. (NASDAQ GOOGG) announced today that it has closed its acquisition of YouTube, the consumer media company for people to watch and share original videos.
As well as hoping the acquisition of the Ghostery consumer business will boost Cliqz global user-base, Cliqz says it's negotiating with other potential partners, naming entities such as anti-virus companies and mobile carriers as those it's seeking to work with to try to raise its profile.
The purchase of ACC Capital's assets recalls Citigroup's acquisition in 2000 of the consumer lender Associates First Capital, a purchase that has plagued the company for years.
The results were weakened by credit problems associated with its fourth-quarter acquisition of the Dallas-based consumer and commercial financing firm Associates First Capital.
Mr. Kraushaar predicted that Mr. Weill would follow up this deal with the acquisition of another consumer finance company in Japan in an effort to quickly make Citigroup one of the top-ranked companies in that market.
Discussing the deal, Nokia flags up existing expertise in "preventive health and patient care" in its Nokia Technologies division, which it said it intends to build on with the acquisition of Withings' consumer health gadget and digital health platform business.
But now all these companies face the same immediate challenges: a slow economy, high consumer debt and the impossibility of Brazil repeating its trick of the past decade: the acquisition of 35m new consumers with the emergence of its new middle class.The home market remains important.
However, we share the concern expressed by small businesses over the burden imposed on those engaging in e-commerce in Europe as regards the acquisition of expertise on the consumer legislation of the various Member States.
