360i in Management Buyout
Innovation Interactive, which houses search and interactive shop 360i and search tools provider SearchIgnite, has gone solo, via a management-led buyout from Japanese parent company Livedoor, according to Mediapost.
Innovation Interactive’s management team and employees were joined by private equity firm ABS Capital Partners to take back control of the company, which was acquired by Livedoor in November 2005.
The move bucks the recent trend of consolidation in the industry, with Avenue A | Razorfish, Performics, Reprise Media and others being acquired recently.
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