Internet publisher 365 float valued at £300m

– Internet sports and music publisher, 365 Corporation, has unveiled its plans for a stock market flotation, which have given it an estimated value of £300 million.

The two-year-old company, which has not set a firm date for its offering, plans to raise £50 million to fund further expansion.

In August 365 acquired Csports Communication, owners and creators of France's leading soccer website, C-FOOT, for an undisclosed sum.

The acquisition was the first for 365, which produces the 365 stable of internet titles Football365, Rugby365, Music365 and CricInfo365, and forms part of its strategy to expand the company into one of Europe's leading independent digital publishers.

365 currently operates in the UK, France, Chile, Ireland and South Africa and has plans to expand into Germany, India, Australia and New Zealand.

This article was first published on Campaign