Viz publisher gets swallowed
Choice Publishers has announced that it has bought out rival magazine group I Feel Good, set up by former Loaded editor James Brown and publisher of cult comic Viz.
The deal, pushed through by Ernst & Young’s corporate financiers, will see Choice take up the all of the available shares in the company for 8 pence per share, valuing the offer at £5.1m.
The Dennis Group, of which Choice is a subsidiary already owned a 6.57% steak in IFG.
IFG’s current portfolio, which features Bizarre, Fortean Times and Jack as well as Viz, will be incorporated into Choice’s current offerings.