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Future pays pounds 30.5m for Highbury titles.(Brief Article)
Future, the UK's fifth-largest magazine publisher, has agreed to buy 38 titles from its rival Highbury House, at an expected cost of pounds 30.5 million.
Future had originally attempted to buy Highbury House in its entirety earlier this month, but was thwarted by the Office of Fair Trading. The OFT referred the deal to the Competition Commission amid concerns that the combined entity would have enjoyed more than 90 per cent of the computer games magazine market and that competition in that sector would have been restricted.
The Bath-based Future has now returned with a commitment to buy 40 per cent of Highbury's portfolio, including Fast ...
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Highbury House's shares have risen to 3p after the former editor of The Sun newspaper, Kelvin MacKenzie, increased his stake in the publisher...