Bestofmedia Acquires IT Site

This story was written by Joseph Weisenthal.
French tech publisher Bestofmedia raised $35 million earlier this summer, and now it's spending some of it The parent of Tom's Guide has acquired, an IT info and support site. The site, which was founded back in 1996, is now under the Tom's Guide brand. The announcement is a bit cagey on how big is: Bestofmedia says it now reaches 30 million readers following the deal; in July the company said it had 25 million readers, so that gives some idea. Expect more deals, as the company aims to become "the number one ranked privately-held online media publisher for technology worldwide by 2011." Terms of this acquisition were not disclosed. Release.

By Joseph Weisenthal


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