Lycos Europe Sells Its Stake In Tom’s Hardware Publisher Best Of Media
By Robert Andrews - Mon 12 Nov 2007 02:55 PM PST
Lycos Europe has sold its eight percent stake in France’s Best Of Media to Alter Finance Capital for 1.7 million euros (£1.2 million). Best Of Media is the publisher behind the 11-year-old Tom’s Hardware tech reviews site, its spin-offs and others in French. (Via release). Best Of Media brought in a 64,000 euro (£45,290) loss in 2005, according to Lycos’ 2006 annual report. 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. It also operates BestofMicro.com, Presence-PC.com, Infos-du-net.com, JeuxVideoPC.com, and JeuxVideo-Flash.com. 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, Europe, France, Holland, Money, M&A
