[December 07, 2010] GP Bullhound: GP Bullhound advises Starlounge on the sale of a minority stake to Turner Broadcasting System Europe Tweet Dec 07, 2010 (M2 PRESSWIRE via COMTEX) -- GP Bullhound, the technology investment bank with offices in London and San Francisco, has acted as the exclusive financial advisor to Starlounge International AB on its sale of a strategic stake to Turner Broadcasting System Europe Limited, a subsidiary of Time Warner Inc and home to brands including Cartoon Network, TNT, TCM, and CNN. Starlounge is Europe's #1 destination for online celebrity news and content with over 16 million unique visitors across 14 countries. Starlounge also firmly holds the #2 spot globally for celebrity news, behind Yahoo's OMG! offering. Over the past four years, Starlounge content has become an integral part of MSN's European entertainment offering, with Starlounge being responsible for driving over 70% of the traffic to their co-branded sites. The Company takes a "Glocal" approach to content, mixing together the most relevant global and local stories for each target country, with a mix of fresh and relevant images to back up each story. Hans Becker, CEO and Co-founder of Starlounge comments: "GP Bullhound has been instrumental in the process of bringing in Turner as a strategic partner to Starlounge. The advice and hard work by the GP Bullhound team has made this fantastic deal possible." This represents the completion of GP Bullhound's eleventh transaction in the Internet sector since 2009 and further underlines its leadership position in representing the European Digital Media sector. About GP Bullhound With offices in London and San Francisco, GP Bullhound is a leading investment banking firm providing advice on mergers & acquisitions and institutional capital-raising to emerging growth companies in the Technology sector. The firm was established in 1999, and has completed over 100 M&A and Private Placement transactions on behalf of Europe's leading entrepreneurs and business builders. Comprised of some of the most experienced technology advisory professionals, our long track record and dedicated approach has helped us establish a leading global position. We have strong domain expertise in the areas of Internet and Digital Media, Software and Services, Cleantech and Hardware, where we focus on providing preeminent advisory services to some of the best entrepreneurs, management teams and investors around the globe. For enquires contact: Lina Einarsson +44 207 101 7560; [email protected] www.gpbullhound.com GP Bullhound Ltd is authorised and regulated by the Financial Services Authority and is registered in England & Wales No. 381 4857, registered office 52 Jermyn Street, London SW1Y 6LX. ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected]. [ Back To TMCnet.com's Homepage ]