Fimalac unveils exclusive talks to get lion's share in Webedia.
17 May 2013 a[euro]" France's Fimalac SA (EPA:FIM) said today it was in exclusive negotiations to buy a majority stake in domestic website publisher Webedia SAS, without providing financial details.
Upon closing of the acquisition, Webedia will be consolidated with company TFco, creating a unit with a leading position in terms of women's targets, the buyer said.
The combined business will engage in publication of theme-based sites, as well as in special advertising operations, canvassing for e-traders, consultancy, delegated production of content and the management of communities for brands and companies, the company added.
Through the takeover, Fimalac gains access to expertise in the information and digital domain, CEO Marc de Lacharriere noted.
As a result of the deal, the buyer will boast stronger presence in the media and entertainment sectors, the company noted.
Webedia posted revenues of close to EUR20m (USD25.7m) for last year.Country: FranceSector: IT/Online Services, MediaTarget: Webedia SASBuyer: Fimalac SAType: Corporate acquisitionStatus: Talks, Exclusivity