AOL Time Warner has announced the completion of its acquisition of IPC Group, the parent company of IPC Media, from venture capitalist firm Cinven (see AOL Takes IPC Media For £1.15bn). The purchase price is £1.15 billion, including the cash in the company.
The deal was announced in July, following months of speculation about possible talks, thought to have snagged over the value of the UK consumer magazine publisher.
Completion of the acquisition means that IPC will report to a major international media player, itself formed by the merger of Time Warner and internet giant AOL.
