Future plc to Acquire Consumer Division of AnandTech Publisher Purchby Ryan Smith on July 18, 2018 8:00 AM EST
In a change of pace from the usual, we have some news about ourselves this morning.
Future plc, a competing UK publisher, has announced that they will be buying the bulk of Purch, AnandTech’s publisher. The deal will see Future acquire Purch’s publisher services division (ad sales) along with the Business-to-Consumer (B2C) group. The vast majority of Purch’s publications – and essentially anything that you might read – are organized under the B2C banner, including AnandTech, Tom’s Hardware, and Space.
The deal is valued at $132.5 million USD, and is expected to close on August 31st. As Purch is a privately held company, the deal has already been approved by Purch. Meanwhile Future will be seeking shareholder approval to issue new shares to pay for the acquisition.
Once it closes, the acquisition will see all of Purch’s B2C brands joining Future’s existing brands across the globe. In the technology space this includes TechRadar, GamesRadar, and PC Gamer. Ultimately Future is looking to strengthen their own technology publishing services, and this deal is expected to make them the top tech publisher in terms of comScore rankings.
Speaking off the cuff here, at this point I have not been informed of any acquisition-changes planned for AnandTech. We remain a strong site in traffic and the depth of our editorial content, and I do not see that changing. In the meantime as the deal moves towards closing, I'll be sharing any new and relevant details with you, our loyal readers.
Purch Announces Sale of Consumer Brand Portfolio and Technology Platform
Business-to-Business Division to Pursue SMB Market Opportunity with Business.com.
NEW YORK, July 18, 2018 — Purch, a digital publisher and marketplace platform, announced today the agreement to sell its U.S.-based Business-to-Consumer (B2C) business unit and all associated brands and services to Future US, Inc., a subsidiary of the publicly traded UK-based media company, Future Publishing Ltd. The sale includes the Purch brand along with the full portfolio of consumer brands, including Tom’s Guide, Tom’s Hardware, TopTenReviews, ShopSavvy, Live Science, and Space.com. The sale also includes Purch’s innovative yield optimization platform, RAMP, and its associated licensing business. The existing Business-to-Business (B2B) unit will move forward as Business.com, renamed after the B2B business’ marquee brand.
“As CEO, it’s been a thrilling and rewarding experience to help guide the development of Purch as a leading marketplace-centered publisher. Our focus on content and commerce and the development of proprietary monetization technology enabled us to build a diversified and profitable business, while avoiding the challenges of ad-dependent publishing models. We are joining forces with a like-minded publisher with strong complementary assets. Future’s acquisition of the B2C business unit is an opportunity to grow Purch more rapidly and to realize its full potential,” said Greg Mason, Purch CEO.
“The acquisition of Purch’s consumer division, with its leading titles, such as Tom’s Hardware, Tom’s Guide and Space.com, gives us market-leading authority in the US, helping us deliver on our mission to be a global platform for specialist publishing. I’ve been impressed by the strength of Purch’s technology platforms and the expertise of its people. Together, we will build a combined organization that has scale and growth opportunities ahead. The two businesses share similar cultures – we both share our audiences’ passion, we’re data-driven, ambitious and both have an innovation-led mindset. I look forward to welcoming our new Purch teams on board at Future,” added Future CEO Zillah Byng-Thorne.
The sale is expected to close in August.
The remaining B2B business unit, now named Business.com, will continue to focus on developing its unique marketplace-centered business model serving the small- to medium-business (SMB) community. Already a large and profitable business, Business.com and its portfolio of related brands now have the opportunity to further expand the content and services they offer to small business owners, arguably the largest and most important segment of the U.S. economy.
The B2B business has grown considerably from when Purch acquired BuyerZone in 2014, followed by the Business.com brand in 2016. Its service-oriented digital platform provides SMBs with the advice and tools they need to grow their businesses to the next level, and the company has plans to significantly expand the services it brings to its millions of members.
For more information, please contact Régine Labossière at Goodman Media International, email@example.com, 212-576-2700.
Future plc is an international media group and leading digital publisher, listed on the London Stock Exchange (symbol: FUTR). The Group operates two separately managed brand-led divisions: Media and Magazine. The Group has a reach of 100m+ globally, including 62m online users and 63m social media reach.
The Magazine division is brand-led. It has over 100 market-leading publications, with 10 key titles.
The Media division focuses on being at the forefront of digital innovation, in particular, the high growth technology and games markets, with three complementary revenue streams: eCommerce, events and digital advertising. It has a number of leading brands including TechRadar, PC Gamer, What Hi-Fi?, Louder, The Photography Show, Generate, The Homebuilding and Renovating Show and the Music Week Awards.
Purch is a digital publishing and marketplace platform uniquely positioned at the intersection of content, commerce and customer. By combining in-depth product reviews, comparisons and services with industry-leading publisher technology, Purch creates a seamless connection between intent-based buyers and sellers. The company generates more than $1 billion annually in facilitated commerce through its tech, shopping, lifestyle and SMB brands, including Tom’s Guide, Tom’s Hardware, Top Ten Reviews, ShopSavvy and Business.com. With more than 1,200 product categories, Purch is the #1 source for buying advice for more than 100 million people each month. To learn more about Purch and its owned-and-operated sites, please visit www.purch.com.
Source: Future plc
Post Your CommentPlease log in or sign up to comment.
View All Comments
jarredwaltonplc - Wednesday, July 18, 2018 - linkWelcome to the club, AnandTech! Will be great to work with you all again, sort of. (Note: in reality, we don't do a ton with the other Future brands. Sort of like Tom's and AnandTech already.)
Ryan Smith - Wednesday, July 18, 2018 - linkTo be sure, is this one of those cool clubs with secret decoder rings and membership perks, or one of those cult-y clubs where we have to do crazy dances and wear matching uniforms?
PeachNCream - Thursday, July 19, 2018 - linkIt's important to note that if there are crazy dances in matching uniforms, we'd like links to videos.
jarredwaltonplc - Thursday, July 19, 2018 - linkWe do have occasional "all hands on deck" meetings in NYC, about once or twice a year. There might be a dance contest or two.
Sttm - Wednesday, July 18, 2018 - linkReally do not like this. These brands they list are all politically compromised and push their politics in the coverage. Case in point go look up PC Gamer and see how many stories they put a progressive narrative spin on and then shut off the comments section.
Anandtech was one of the few true tech sites left. A site where you read about tech, tech and tech. Not social justice's intersection with tech.
Ryan Smith - Wednesday, July 18, 2018 - linkThere are currently no plans to change AnandTech's editorial prerogative. It didn't change after we were acquired by Purch, and I do not expect Purch being acquired by Future to alter that. We do a mere handful of things and we do them very well, and that has always satisfied our publisher.
alphasquadron - Wednesday, July 18, 2018 - linkI agree. It's crazy how many people are pro combing politics and tech nowadays. People talk about it like its completely fine on other sites. These things should be kept separated but politics are so crazy nowadays people are fine with clouding up specific industries as long as their views matching theirs are promoted. And if views opposing them are mentioned, they question/attack the story and author.
PeachNCream - Friday, July 20, 2018 - linkGame Informer, for those that have a GameStop membership, is like that at times. I'd prefer if they stuck to games and industry information, but it is difficult to avoid wading into matters commonly associated with politics. HardOCP is another one that does really poorly at keeping politics out of tech journalism and the integration is more intentional there than any other place I've read. The caustic community of readers it attracted over the years as a consequence has put me off to visiting the site. I consider it a good thing that Anandtech makes efforts to steer clear of those matters.
ET - Thursday, July 19, 2018 - linkI wouldn't use gaming as an example. Gaming is heavily policised these days in general. Can you give examples of tech mags with this problem?
drexnx - Thursday, July 19, 2018 - linkI dunno exactly how you add a political slant to pure hardware reviews, I guess call the 1080Ti a bourgeois extravagance or something?