Saturday, April 05, 2008

Cybermedia buys out UBM

OK, not all of United Business Media. But we're interested to see that, 1.5 months after buying out DICE's stake in its online classifieds business, the most interesting Indian B2B/technology media firm, Cybermedia is buying out UBM's interest in the Global Services publishing business, focused on outsourcing or, to give it its correct consultant-speak acronym, BPO.

Pradeep Gupta, Cybermedia's CEO is quoted in the Economic Times "Acquiring the entire equity in this joint venture is a part of this larger plan to ensure that CyberMedia's global footprint in the specialty media space".

The deal also highlights the challenges of operating partnerships in India where Reuters, also recently ended is venture with Times of India publisher Bennett Coleman.

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