Cyber Media acquires 20 pc stake in NY-based firm

Mumbai, Feb 22 (UNI) Cyber Media (India) has acquired a 20 per cent stake in New York-based SX2 Media Labs LLC, a company formed by David Sills and Stoneybrook Capital.

Pradeep Gupta, Chairman and Managing Director, Cyber Media, said that his company's strategic investment in SX2 Media Labs was aimed at leveraging its 23-year-old IT and telecom publishing experience to partner with SX2 Media Labs in growing Computer Shopper and allied brands over all types of media delivery vehicles.

''We are excited to be part of SX2 Media Labs journey into the future with Computer Shopper magazine,'' he said.

SX2 Media Labs had recently acquired Computer Shopper magazine, a 26-year-old print publication which serves as a monthly guide to new technology and shopping guide for more than 300 products per issue.

UNI GC SSS SKB1644