Tom's Hardware Guide acquired by Best of Media

TG Publishing, the company behind Tom’s Hardware Guide, has been acquired by the independent French publisher Best of Media for an undisclosed sum, it has been announced this morning.

The deal sees the Best of Media Group increase its revenues by 36% in 2006, with consolidated revenues of €10 million, and the company positioning itself as the only Pan-European alternative to Cnet Networks.

"With this acquisition, Best of Media and TG Publishing realize a joint vision to become one of the top online media publishers in the world," said Alfred Vericel, CEO of Best of Media Group. "There are many synergies between our companies that we can immediately leverage. Our combined strengths include strong brand recognition, superior content, a cutting-edge technology platform and a large readership base. Together we have one of the largest numbers of readers in the industry with over 19.8 million monthly unique visitors to our publications. Our plan to leverage our strengths and grow our readership while delivering high customer satisfaction."