-Future Plc is set to buy the owner of “The Week” and “Moneyweek” for 300 million pounds ($415.4 million), giving the British media company a new source of subscription revenue and a stronger foothold in the United States.
Future said on Monday it would buy Dennis Publishing Ltd from Exponent Private Equity LLP in a deal that also includes the publications Kiplinger, Science & Nature, IT Pro, Computer Active, PC Pro, Minecraft World and Coach.
The deal, however, does not include Dennis-owned publications Viz, Fortean Times, Cyclist and Expert Reviews.
More than half of Dennis’ revenue comes from the United States, and subscriptions represent three-fourths of its overall revenue.
Future expects the acquisition to boost its earnings significantly.
($1 = 0.7221 pounds)