Future has confirmed that its acquisition of 38 magazines from Highbury has been approved by shareholders.
The decision was reached at a Highbury EGM held earlier today (June 16th), with the transaction set to be completed on June 21st.
The deal, which excludes all games titles following the OFT’s intervention earlier this year, includes Fast Car, Fast Bikes, DVD Review and the What Video group.
“We’re really pleased that Highbury’s shareholders have approved Future’s acquisition of these magazines,” commented Future boss Greg Ingham.
"This is Future’s biggest ever deal and these titles will be fine additions to our burgeoning portfolio. We’re looking forward to welcoming the people working on them to Future next week.
“We celebrate our 20th anniversary this month and are confident that our business is in good shape. These are exciting times for Future.”