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Article: HSBC acquires significant equity stake in Flip Media.(HSBC Private Equity Middle East Limited)(Flip Media Investments Ltd.)
- Article from:
- Middle East
- Article date:
- December 30, 2006
CopyrightCOPYRIGHT 2006 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Flip Media has announced that HSBC Private Equity Middle East Limited has acquired a significant equity stake in Flip Media Investments Ltd. Flip Media Investments Ltd. is the holding group of Flip Media FZ-LLC, the region's leading, independent interactive marketing agency, Neo Digital FZ-LLC one of the region's leading online media agencies, Flip Media Pvt. Ltd. India, and other subsidiaries. Martin Diessner, CEO, Flip Media stated, 'The involvement of HSBC increases our range of opportunities as we now have the support and involvement of one of the world's leading financial institutions as a major shareholder who has extensive experience in the region and is committed ...