Business

News Corp dumps its VCCircle problem on HT Media

Yesterday, HT Media Ltd, one of the largest media companies in India, which publishes the newspapers Hindustan, Hindustan Times and business daily Mint, announced that it has acquired Mosaic Media Ventures Pvt. Ltd. Mosaic is the parent of VCCircle, one of India’s better known digital publications focused on breaking news about the venture capital ecosystem. HT Media did not say how much it paid for the acquisition.

I think what HT Media wants to tell shareholders is that they bought the company for peanuts. Except they don’t want to embarrass News Corp by saying it in as many words. Because theirs is a partnership which is just about starting to blossom.

Cover image by Gerd Altmann from Pixabay.

The Morning Context has raised money from a clutch of investors, entirely in their personal capacity. It is quite likely that some of them may be directly or indirectly involved in a competing line of business similar to the companies we write about. Our full list of investors is here.

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