ArabianBusiness.com - Middle East Business News
Monday, 09 November 2009 08:22 UAE time

YOUR DIRECTORY /

| Share |

US media giant buys CPI for $5.5mn

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Thursday, 15 May 2008
Computer News Middle East will now be owned and run by IDG.
Computer News Middle East will now be owned and run by IDG.

International Data Group (IDG), a $1.5 billion US media company, has bought its UAE franchise partner CPI IT for $5.5 million.

CPI was formed in 1991, and publishes a range of magazines for the Middle East IT community. The company also publishes OK magazine under licence.

Patrick McGovern, chairman of IDG Group, said that the company would acquire 90% of CPI IT immediately, and the remaining 10% in four to five years time.

advertisement

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST MEDIA & MARKETING

  1. Qatar company sets up $200m movie fund
  2. R&B star Rihanna set for end of year Abu Dhabi gig
  3. 5,000 flock to Doha Tribeca film festival opening
  4. Saudi blasphemy case filed against TV channel - report
  5. Emirates ranked the UAE's favourite brand

TOP MIDDLE EAST BUSINESS STORIES

  1. Saudi Aramco plans to build largest gas plant
  2. Dubai gov't repays $1bn aviation bond
  3. Minister urges more post crisis transparency
  4. Oman firm signs deal for Qatar poultry supply
  5. Batelco to stop dial-up internet service early in 2010

ALSO IN MIDDLE EAST MEDIA & MARKETING

  1. And the winners are?
  2. EXCLUSIVE: Etihad, Aldar ordered to pay Force India damages
  3. Movie star De Niro praises 'dynamic' Doha
  4. Qatari firm in talks on $150m Prophet Mohammed movie
  5. 20% of Mideast men confess to skipping work for TV sport

LATEST MIDDLE EAST BUSINESS NEWS

  1. Politics & Economics: Bahrain dockers call off plan for industrial action
  2. Construction & Industry: 32% Qatar infrastructure projects delayed
  3. Construction & Industry: Saudi Aramco plans to build largest gas plant
  4. Transportation: Metro users 40% up on pre-launch estimates - RTA
  5. Transportation: 14 Dubai taxi drivers face fines for 'endangering life'

SHARE PRICE CHECK

RELATED LINKS

  1. Corporate Publishing International (CPI)»
Related links open in a new window and are not endorsed by ArabianBusiness.com.

 EMAIL ALERTS

  1. Corporate Publishing International (CPI)

  2. International Data Group

  3. Media & Marketing


Tell us your story

CURRENT ISSUE


 

READER COMMENTS

  1. The tipping scandal 13
    09 Nov ' 09 at 07:25
    It is all very well for Damien to report that we should give waiters cash. However, this is a no win situation as the waiters just go...   More  »
  2. The party's just beginning 11
    08 Nov ' 09 at 22:41
    If the party is just beginning, someone forgot to tell the guests-- they aren't going to be showing up anytime soon!!!!!   More  »
  3. Al Habtoor chief upbeat on Dubai future 09
    08 Nov ' 09 at 22:21
    I truly understand those who witnessed the crazy race to real estate, figures tripling in a gap of a year. That wasn't the reality....   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY