Sam is a trader and one of our lead stock analysts at AskTraders. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis.
Future plc (LON: FUTR) revealed on Wednesday that it will be acquiring Marie Claire US.
Marie Claire is a joint venture between Marie Claire Album S.A.S. (MCA) and Hearst Magazines Media Inc.
British media company, Future, has entered into a five-year license agreement with MCA to operate in the US and Canada.
Marie Claire US reached 17.5 million monthly online users in 2020 with revenue of $19.1 million, of which approximately half represents digital media revenue.
The acquisition follows Future's acquisition of Marie Claire UK in 2020 and builds on the MarieClaire.co.uk brand. Future publishes more than 50 magazines in industries such as video games, technology, films, music, photography, home and knowledge.
The FTSE 250 stock's share price is trading 0.25% higher at 2,362p following the news. So far, in 2021, it has gained 36% after beginning the year at 1,712p per share.
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