Cyberplex Buys Tsavo Media For $75 Million
Tsavo Media has been bought out by Cyberplex for $75 million. Tsavo Media has about 300 informational websites in their portfolio. Tsavo reaches about 30 million unique users per month and made about $110 million in revenue last year.
Tsavo Media was founded by MySpace co-president Mike Jones about 2.5 years ago. Cyberplex and Tsavo Media are both based in Canada.
“By matching Tsavo’s media properties and search marketing capabilities with Cyberplex’s network of over 10,000 publishing partners, Cyberplex will offer an unprecedented value proposition to tier one advertising clients and an extremely targeted advertising platform,” stated Cyberplex CEO and President Geoffrey Rotstein. [paidContent]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry