Associated buys more ad sites
Posted by
Martin Stabe
on 9 August 2007 at 10:27
Tags: Associated Northcliffe Digital
Associated Northcliffe Digital, the digital arm of Daily Mail & General Trust, is continuing its acquisition spree in online classified advertising sites, by snapping up JobsGroup.net, for “approximately £10 million plus a three year earn-out.
JobsGroup.net operates a stable of vertical job boards including JustEngineers.net, JustConstruction.net, and JustRail.net. AND says JobsGroup.net is on course to deliver revenue of approximately £2 million, up from £1.1 million last year.
Over the past year, AND has expanded with acquisitions in dating, price comparison and motor advertising sites.
