A PYMNTS Company

South Africa: Media family sells rest of magazine publisher

By  |  November 4, 2013

The owners of RamsayMedia announced plans to sell the rest of itself to media competitor Caxton, though financial details of the sale remain undisclosed.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Caxton currently owns 30 percent of RamsayMedia, the publisher of magazines including Getaway, Car and Popular Mechanics.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    RamsayMedia is family-owned.

    According to reports, Times Media Group made a bid for RamsayMedia, prompting Caxton to exercise its preemptive rights to acquire the rest of the firm.

    The Ramsay family said the sale was in its early stages.

    Full content: BDLive

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.