Germany's InternetMedia House.com AG
shares surged almost 10 percent after the company said it bought a majority
stake in advertising agency INTERACTIVE Online Services I.O.S. GmbH.
IMH stays on the acquisition trail::
April IMH took a 5% stake, with the right to take a further 5%, in e-commerce BlueOrbit, a business-to-business multimedia agency is likely to list on the
http://www.mad.co.uk/Main/News/Sectors/FinancialServices/Ahe-acquisition-trail.htmlHOME |
IMH shares rose 1.3 euros, or 5 percent, to 27.4 after reaching a high of
28.6 euros, Bloomberg News reported.
The company took a 51 percent stake in IOS; financial details were not
disclosed.
InternetNews Realtime IT News -::
InternetMediaHouse Takes Stake in Agency - 11/23/1999 China.com Takes 60 Percent Stake In Clic Inc. Barnes & Noble Takes Stake in iUniverse - 11/02/1999
http://www.internetnews.com/bus-news/archives.php/199911HOME |
InternetMediaHouse Takes Stake in Agency::
Germanys InternetMedia House.com AG shares surged almost 10 percent after the company said it bought a majority stake in advertising agency INTERACTIVE Online
http://news.earthweb.com/IAR/article.php/243391HOME |
IMH said it will group IOS with its @solutions GmbH advertising agency and
multimedia company Assenmacher, in which it took a majority stake in August.
Since a July initial share sale at 20 euros a share, which raised 29 million
euros ($20.7 million) for expansion, the company has bought a majority stake
in International Consulting & Marketing Group Inc., which hosts the
fourth-most popular German-language Internet index.
It also formed an online
sports joint venture with Axel Springer Verlag AG and Kirch Group, Bloomberg
said. IOS clients include Merck KGaA and Novartis AG.
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InternetMediaHouse Takes Stake in Agency