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'GMX Media' Looking To Buy Publisher

by Rainier on March 19, 2003 @ 10:18 a.m. PST

GMX Media has today announced it is on the lookout to acquire a European publishing company. The company plans to make one major acquisition but has also stressed that it has no intention to abandon its "cautious" expansion plan.

"Up till now we have grown steadily and cautiously and have absolutely no plans to deviate from that. However we are in a situation where we can easily make one major acquisition without disturbing our growth plans. We are looking to grab more market share and ultimately become the largest independent publisher in Europe. We want to acquire a company which already has a sizeable back catalogue and titles yet to be released" Commented Barry Leonard COO of GMX Media "Our company is well known for getting the best deal for developers and our research has shown that developers are unhappy with the very limited options they have when looking for a publisher. The opportunities are incredible, not just for us but also for the developing community."

GMX has also confirmed that it is currently in take-over talks with 2 European publishers.

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