Moses Znaimer buys 50Plus.com for $3 million
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Media entrepreneur Moses Znaimer is back in the game with his latest venture, acquiring the assets of www.50plus.com.
Board The deal has been in the works since April 2007, and now received Board of Director approval with a purchase price of approximately 3 million and done through Moses’ company Olympus Management Limited.
The 50Plus Group is an provider of online content targeting the 50+ age group with a portfolio of web sites and electronic newsletters delivers over 2 million pages views per month. The 50Plus Group also produces and manages www.carp.ca, the online home of CARP, Canada’s Association for the Fifty-Plus. With almost 400,000 members
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Moses Znaimer didn’t buy 50plus.com, he will become the majority shareholder if existing shareholders approve the deal.