Dailyhunt parent acquires Magzter, grows revenue from ads to subscriptions
by ETtech.com
ETtech.com— VerSe Innovation, the parent firm of online news aggregator Dailyhunt and short-video platform Josh, on Wednesday said it has acquired New York-based digital magazine store Magzter.Founded in 2011, homegrown Magzter is a cross-platform, self-service, global digital newsstand with a library of over 8,500 premium magazines and newspapers. The deal, financials of which went undisclosed, marks Dailyhunt’s foray into premium content.The deal is a cash-and-stock transaction, cofounder Umang Bedi told...
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