Regulatory Announcements
REG-United Bus Media Ld: UBM makes PR Newswire acquisitions
Released: 14/06/2010
14 June 2010
UBM acquires remaining equity in PR Newswire Brazil and PR Newswire Argentina
joint ventures
United Business Media Limited today announces that in two separate transactions
it has acquired the remaining equity in PR Newswire Brazil and PR Newswire
Argentina from the respective private joint venture partners. UBM has acquired
the remaining 62.03% interest in PR Newswire Brazil for an initial cash
consideration of $1.2 million with a further performance-related consideration
of $0.2m, payable over the next two years. The remaining 10% interest in PR
Newswire Argentina was acquired for a total cash consideration of $40,000.
Founded in 1998, PR Newswire Brazil provides Brazilian corporations and public
relations agencies with a wide range of targeting, distribution and monitoring
services to help them communicate and engage with global audiences. These
services include: broadcast and video services; financial printing and filing
services; ProfNet, the pre-eminent expert network; clipping and monitoring
services, such as eWatch, Social Media Metrics and MediaSense; and, web
engagement tools such as MediaRoom and IR Room.
PR Newswire Argentina is a small but fast-growing business, serving domestic
and international customers in Argentina and across the wider Southern Cone of
Latin America with targeting, distribution and monitoring services, including
the Notilog media monitoring service acquired by UBM in July 2007.
The acquisition of the remaining equity in these two joint venture businesses
will enable accelerated investment in these and related UBM businesses to
support their growth in the rapidly expanding Latin American economies. UBM
will establish a regional PR Newswire Latin America operation, based in Sao
Paulo in Brazil, to integrate UBM's Brazilian, Argentinean and Mexican
businesses. This structure will provide significant operational efficiencies
and a strengthened product proposition and sales capability across the region.
- Ends -
Contacts
Media
Peter Bancroft Director of Communications
E-mail communications@ubm.com
Direct telephone +44 20 7921 5961
Chris Barrie Citigate Dewe Rogerson
E-mail chris.barrie@citigatedr.co.uk
Direct telephone +44 20 7282 2943
Mobile +44 796 872 72 89
Analysts/Investors
Email investorrelations@ubm.com
Direct telephone +44 20 7921 5095
Andrew Crow +44 20 7921 5940
Notes to Editors
1. UBM
UBM focuses on two principal activities: worldwide information distribution,
targeting and monitoring; and, the development and monetisation of B2B
communities and markets. UBM's businesses inform markets and serve professional
commercial communities - from doctors to game developers, from journalists to
jewellery traders, from farmers to pharmacists - with integrated events,
online, print and business information products. Our 6,400 staff in more than
30 countries are organised into specialist teams that serve these communities,
bringing buyers and sellers together, helping them to do business and their
markets to work effectively and efficiently.
For more information, go to www.ubm.com
2. PR Newswire
PR Newswire is the global leader in innovative communications and marketing
services, enabling organizations to connect and engage with their target
audiences worldwide.
Through its multi-channel distribution network, multimedia, audience
intelligence, targeting, measurement and compliance services, PR Newswire helps
corporations and organizations conduct rich, timely and dynamic dialogues with
the media, consumers, policymakers, investors and the general public, in
support of building brands, generating awareness, impacting public policy,
driving sales, and raising capital.
Pioneering the commercial news distribution industry 55 years ago, PR Newswire
connects customers with audiences in more than 170 countries and in over 40
languages through an unparalleled network of offices in 16 countries across
North and South America, Europe, Asia, and the Middle East, and via unique
affiliations with the leading news agencies across the globe. For more
information, go to www.prnewswire.com.
END