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.
One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .