The Financial Times has bought U.S. global fund management news and commentary site Money-Media.com, its second online acquisition in the past three months.
The purchase was for an undisclosed sum, MediaGuardian reported Thursday.
Money-Media.com offers premium-priced news and analysis Web sites to mutual fund directors, company executives and institutional and high-net-worth money management professionals, according to MediaGuardian. It also runs online job service JobBlast and runs conference provider ODX.
“This acquisition supports and extends our strategy of building strong subscriber and digital businesses in core sectors,” said John Ridding, FT chief executive, according to MediaGuardian.

