Pocket Ventures acquires Space News

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Imaginova Corp., a science and technology media company, has sold Space News to the newly formed entity Space News, Inc., which is backed by the investment group Pocket Ventures LLC. All the entities are based in the US.

Space News is a weekly periodical and digital media of record for the civil, military, and commercial space and satellite communications businesses.

Space News has generated revenue about $4 million.

Deal Type     Private Equity

Sub-Category  Institutional Buy-out (IBO)

Deal Status   Completed: 2012-07-03

Deal Participants

Target (Company)  Space News International

Vendor (Company)  Imaginova Corp.