VNU...going, going...
...gone.
Word on the chilly streets of Soho last night was that Incisive Media has bought VNU's entire UK operation, lock, stock and smoking servers. 3i are looking to hang onto the Dutch stuff and sell off all of VNU's other properties. Much dusting down of CVs in France and Germany this morning, no doubt...
No news as yet on whether it'll lead to any redundancies on the ground in Blighty, but it's got to be particularly sweet for Incisive's CEO Tim Weller...back in 1982 he started his career at VNU, working with John Barnes.
So Weller gets to live the dream of owning the company he used to work for. "Now I'm the boss, things are going to be a bit different round here..." he was probably heard to be muttering in his sleep last night...
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7 comments:
that was the story on the streets of the sunday business papers two weekends ago
"he was probably heard to be muttering in his sleep last night..."
He was more likely to be muttering, "oh god, I am in so much debt.."
Three different owners in less than a year - those guys must really be feeling like the last dog left at the pound by now.
Nah, it's just hedge fund capitalism.
Cheers anonymous, vnu's strategy hampered us for years and 3i only wanted dutch online recruitment which has been a nightmare as we have some awesome products, amazing people and great ideas - Tim Weller looks like the guy who will invest to really take advantage. Last dog left in the pound is often the one who knows he will be ok.........
"Last dog left in the pound is often the one who knows he will be ok........."
Usually that's the one they put down!
A few snapshots:
1. El Mageemo muttering that since his change of ownership clause failed to trigger twice now, he's got another year to go before he can start his third online IT title
2. Various Inq lackies mumbling that perhaps now they'll be allowed to recalibrate their rates and get some ads back on. "A year at VNU and they did nothing except fuck up the card and then complain there's no money coming in."
3. The two remaining "VNU" consumer titles preparing for new owner number three... or perhaps just one is confidently expecting to be sold on. Or will Felix buy back PCW and turn it into the online adult entertainment vehicle his stable so clearly lacks?
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