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Future PLC - Bath, England-based magazine publisher - Buys digital-only women's lifestyle publisher WhoWhatWear. The US-based publisher has 12 million online users and 10 million social followers. The acquisition will accelerate Future's scale and revenue opportunities in the US. it says. Future doesn't say how much it is paying but says the acquisition will be funded from existing debt facilities.
‘We look forward to working with [the WhoWhatWear team] to further bolster our Women's Lifestyle scale and reach, notably in the US, and are excited about leveraging its scale with our proprietary technology and operating model,’ Future Chief Executive Zillah Byng-Thorne says.
Current stock price: 1,967.50 pence, up 1.3% on Tuesday
12-month change: down 18%
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