US: Group Nine to buy PopSugar

Digital publisher Group Nine Media has agreed to acquire women-focused publisher PopSugar, reported The New York Times. This is the latest merger of new-media firms hoping that greater scale will help them sell online ads, where Facebook and Google dominate. The all-stock deal values PopSugar at more than US$300 million, according to people familiar with the matter, and will give its shareholders more than 30% ownership of the combined...