By Andrew Kersley
A360 Media has announced that it is purchasing the entirety of Bauer Media’s remaining US publishing business, comprising of Woman’s World, First for Women and a specialist bookazine business that produces more than 100 special interest publications per year.
The deal is expected to close in February. A360 Media, part of Accelerate360, operates an array of celebrity and health and wellbeing publications.
The move marks Bauer’s total withdrawal from the US market after 40 years in the country. The company says it now plans to focus on European investments in the fields of publishing, audio, online comparison platforms and digital services in the SME sector.
Bauer Media runs some 600 magazines and 400 digital products largely in the B2B and B2C media spaces. It reports having a workforce of 15,000.
Source: PR Newswire
Deal value: Undisclosed
Country: US
Status: Official
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