• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Advertisement

Mumbai March 2 Logix Microsystems Ltd has said it has purchased CarSite, the automotive portal business of PowerOne Media in an all-cash deal. The company, however, declined to disclose the amount.

Logix also announced a new company called izmomedia to focus on the growing portal market. izmomedia will provide smart portal solutions for a wide array of media partners, including newspapers, television, cable and radio. "We are pleased to announce this acquisition as it will accelerate our expansion into the online media business," said Mr Tej Soni, President of izmocars.

More Stories on : Mergers & Acquisitions

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Subex Azure raises $180 m

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line