- Global media giant News Corp buys VCCircle publication for an undisclosed sum
- VCCircle tracks PE, VC and M&A related information and analysis of the Indian investment ecosystem
- Last November, News Corp acquired 25% stake in Indian real estate portal PropTiger.com.
- In December, News Corp took over personal finance management platform, BigDecisions.com
NASDAQ-listed global media giant News Corp has signed a definitive agreement to acquire Noida (India)-headquartered VCCircle Network for an undisclosed amount. The acquisition includes the network’s digital media platforms such as VCCircle.com and Techcircle.in, besides its data research platform VCCEdge and VCCircle Training.
The deal is expected to be competed by the end of this month. As per the deal, VCCircle’s Founder Editor PV Sahad and the management group will become part of News Corp’s India team. Sahad will report to Raju Narisetti, Senior Vice President (Strategy) at News Corp.
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The VCCircle acquisition builds on News Corp’s recent digital investments in India. In November last year, News Corp acquired a 25 per cent stake in real estate portal PropTiger.com. A month later, it took over BigDecisions.com, a personal finance management portal.
News Corp also has a presence across India through its Dow Jones, the Wall Street Journal and HarperCollins Publishers businesses.
Started in 2006, VCCircle Network is owned by Mosaic Media Ventures and has around 100 employees across India. VCCircle.com is a digital media publication in private equity, venture capital, and M&A related information and analysis of the Indian investment ecosystem. It tracks M&A, venture capital, private equity, investment banking, and emerging companies and sectors.
Techcircle.in, launched in February 2011, is dedicated to tracking India’s booming technology startups, including the people behind the companies, innovations, products, strategies and startup financing.
Headquartered in New York, News Corp is diversified media company comprising businesses across a range of media, including news and information services, book publishing, cable network programming in Australia, digital real estate services, digital education, and pay-TV distribution in Australia. The activities of News Corp are conducted primarily in the US, Australia, and the UK.
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