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Benzinga
Benzinga
Business
Phil Hall

The Arena Group Acquires Parade Magazine's Publisher: What You Need To Know

Parade Arena Group Maven

TheMaven Inc. (OTCQX:MVEN), a digital publishing company operated under the brand The Arena Group, is acquiring AMG/Parade, the multimedia content company best known as the publisher of the weekly Parade magazine.

What Happened: The companies did not announce the financial aspects of the transaction, although Axios is reporting the acquisition is a $16-million cash and stock deal.

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