Oakley Capital Buys Time Out New York

Six months after snagging Time Out’s London business, Oakley Capital has acquired a majority stake in the publisher’s New York business, paying 14.2 million pounds ($23 million), Reuters reported. In November, Oakley Capital had bought a 50% stake in Time Out London, the official travel guide for the 2012 Olympics, for 11.3 million pounds, Reuters wrote. It now owns 65.7% of the New York business, and plans to expand the company’s reach to 50 cities.

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