Friday 18 October 2019

Financial Times buys controlling stake in The Next Web

Photo: Julia de Boer.com/The Next Web

The Financial Times media group has acquired a controlling stake in The Next Web, the Amsterdam-based media and digital company focused on the tech community.

‘TNW continues to operate independently and its management and the founders  continue to execute the vision that the company has set out,’ the Amsterdam company said in a statement.

TNW started in 2006 as a small tech conference in Amsterdam which has since grown into a major European event. It also operates a co-working brand, a start-up data base and provides innovation services to third parties.

The deal marks the FT group’s first strategic investment in mainland Europe. Financial details were not disclosed.

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