TMG buys Nobiles Media and 2 joint ventures
By Leah McBride Mensching, Monday 18 February 2008 at 22:36 :: Media Ownership :: #1276 :: rss
Telegraaf Media Groep N.V. has bought communications firm Nobiles Media BV and 100 percent of both of its joint ventures, Smart Events B.V. and Info Pinnacle B.V., Thomson Financial reported Monday.
Financial terms of the deal, effective Saturday, were not disclosed. Nobiles Media had previously held a 50 percent in Info Pinnacle and Smart Events.
Nobiles Media operates in the employment communications market for young professionals and first-time job seekers, according to Thomson Financial.
Nobiles Media and the two joint ventures together employ 56 people full-time. The buyout will have no direct impact on the workers.
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