To continue its focus on India, News Corp has announced the signing of a definitive agreement to acquire the investment and startup focused media company VCCircle Network. The deal amount is still undisclosed. The Noida-headquartered company will become part of the News Corp’s India team. Founded in 2005, VCCircle runs new sites VCCircle.com, Techcircle.in, VCCEdge, VCCircle Training in addition to an events business.
This acquisition builds on News Corp’s recent digital investments in India. In November, News Corp acquired a 25 percent stake in Indian online residential real estate platform PropTiger.com. In December, News Corp bought financial planning service BigDecisions.com.
“This important investment is a sign of our faith in India’s future and our enthusiasm for working with and building up emerging talents in the country,” said News Corp Chief Executive Robert Thomson. “India is an increasingly meaningful part of our portfolio, which is itself increasingly digital and global.”
News Corp also has a presence across India through its Dow Jones, Wall Street Journal and HarperCollins Publishers businesses.Category Business