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FINANCIAL NEWS
Investcorp sells SourceMedia to Observer Capital
16 Aug 2014
(MENAFN) Bahrain-based Investcorp announced completing the sale of SourceMedia to Observer Capital, with no specification of the value, Arab News reported.
Investcorp, a global provider and manager of alternative investment products, originally acquired SourceMedia, inclusive of its Accuity affiliate, from the Thomson Corporation in 2004.
“SourceMedia”s partnership with Investcorp has been highly successful. We were able to develop a highly-successful digital strategy and evolved our business to a digital-first publishing,” CEO of SourceMedia said.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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