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Future acquires Dennis for about £300m

Future Plc (FUTR.L) 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.

BHP mulls merging its oil business with Australia’s Woodside, Ultra Electronics accepts a £2.6 billion takeover from Cobham, Lloyds Banking Group’s new chief executive takes over today, and Future shares hit a new high as it grows its portfolio of titles with a £300 million deal.

Future has established itself as a new publishing juggernaut with the $415m acquisition of Dennis Publishing from Exponent Private Equity.

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Dennis Publishing has hired Liontree Advisors to oversee an auction of The Week, the publisher’s flagship news and current affairs The post Dennis Publishing 'puts up for sale flagship title The Week' appeared first on CityAM.

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