News

UBM Live

15 Oct 2010

UBM announcements - investor briefing, acquisitions

Hart-Scott-Rodino waiting period expires on UBM acquisition of Canon Communications LLC

United Business Media Limited today announces that the 30 day waiting period under the US Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired on 14 October 2010 with respect to its proposed acquisition of Canon Communications LLC, satisfying one of the conditions for completion of the transaction. The transaction is expected to close within the next ten days.

UBM acquires OBGYN.net for $0.8 million

Acquisition of leading women’s health website for obstetrics and gynaecology strengthens UBM Medica’s online offering
United Business Media Limited today announces that it has acquired the OBGYN.net website (www.obgyn.net) and related assets from MediSpecialty.com, Inc. for a total cash consideration of $0.8 million.

OBGYN.net is a women’s health website for obstetrics and gynaecology professionals and consumers. The site provides article-based and multimedia content generated by both contributors and users. OBGYN’s archived, searchable online forums – some of which have been running for over 10 years – comprise approximately one million posts and include professional peer-to-peer discussions and consumer-to-physician/expert forums, as well as patient-to-patient support forums. OBGYN.net has a registered population of approximately 140,000 and attracts more than 500,000 unique visitors a month.

UBM investor briefing

United Business Media Limited will today host an afternoon briefing for investors and analysts, starting at 2.30pm at J.P.Morgan Cazenove. The presentation materials and a live webcast of the briefing will be available from UBM’s website, www.ubm.com.

The briefing is intended to provide investors and analysts with greater insight into UBM’s Data Services and Online segment. In the first presentation, Henry Elkington, Chief Executive Officer of UBM Medica, will present on UBM’s Data Services business. In the second presentation, Tony Uphoff, Chief Executive Officer of UBM Techweb, will present on UBM’s Online business.
Neither presentation will disclose any new material information.