GPlusMedia K.K. Acquires 100% of Major English News Site in Japan, JapanToday.com, from Crisscross K.K.
TOKYO – September 14, 2007 – GPlusMedia K.K. (“GPlusMedia”), a Tokyo-based internet media company, announced today that it has acquired 100% of JapanToday.com (“JapanToday”, www.japantoday.com), a leading English news website in Japan, from Crisscross K.K. for an undisclosed amount.
GPlusMedia has offices in Tokyo, Hong Kong and Shanghai. The company publishes several of Japan’s best-known English-Japanese websites, including GaijinPot.com (“GaijinPot”, www.gaijinpot.com) and Ecentral.jp (“Ecentral”, www.ecentral.jp), the official job site of the American Chamber of Commerce in Japan. In China GPlusMedia publishes ChinaSplash.com (“ChinaSplash”, www.chinasplash.com) and CareerEngine.org, a jobsite network, whose partners include ShanghaiExpat.com, the American Chambers of Commerce in Shanghai and Hong Kong, as well as the Canada China Business Council.
JapanToday, launched in September 2000, publishes breaking news about Japan, including national, political, business, technology and sports news. JapanToday was one of the world’s first news sites to link user discussion forums to news articles. The site also publishes original content, including interviews with newsmakers, celebrities and business executives, and translations of pop culture articles from popular Japanese magazines and newspapers.
GPlusMedia’s CEO, Elo Kent, said, “I am very pleased to add JapanToday to our growing portfolio of popular web properties in Asia. JapanToday is a content-rich, high-traffic site with a large, loyal user base. The strong synergies between our existing products and services give us an excellent opportunity to continue to expand our market share and increase revenues. This acquisition is another important step in expanding our global network of market-leading products through organic growth, strategic partnerships and M&A activities"
GPlusMedia has enjoyed strong year-on-year growth since its launch in 2001. Revenue in 2007-08 is expected to increase 150% over 2006-07, to between $3.5million and $4million.
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