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LONDON (AFX) - Daily Mail and General Trust PLC said its Associated Newspapers unit has bought three online companies as part of its strategy to increase its exposure to the online advertising market.
The three acquisitions are Auto Exposure Ltd, which allows car dealers to sell cars online, Interbase Ltd which runs the "productionbase.co.uk" website, for freelancers in the UK TV and film industries, and The Appointment Ltd, which runs the retail recruitment sites "inretail.co.uk" and "retailcareers.co.uk".
The company said it has paid an initial 12.3 mln stg, after valuing the companies at 17 mln stg. The combined turnover of the three businesses as given by their latest full year results was about 4.5 mln stg, the company said.
DMGT said it expects all three purchases to boost DMGT's earnings for this financial year. newsdesk@afxnews.com jc1/joy COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
Copyright 2006 AFX News Limited. All Rights Reserved.
