Australian-listed media company LibertyOne plans to use U.S.
entertainment and new media group Lynx Technology to develop and market
its subsidiary brands in the Asia Pacific region.
Lynx will provide consultation and direction to LibertyOne as it begins
to establish partnerships with U.S. Internet brands and business models, then
encourage them to develop localised businesses in the Asia Pacific.
In acquiring Lynx, LibertyOne will also retain the entertainment
experience and knowledge of Michael Ovitz, who was behind the foundation of
Hollywood’s Creative Artists Agency (CAA) in 1975. Ovitz served as CAA
chairman until 1995, and now acts as and managing partner of Lynx, which he
LibertyOne will use the Ovitz/Lynx network of companies to develop new
business opportunities with an aim of increased content.
Lynx Tehnology is the latest in a series of LibertyOne acqusitions which
will see the accleration of branding and marketing of its various
businesses, which include Web integration business Zivo and most recently, a AUS$4.4 million
(US$2.7 million) stake in Chinese trade portal chinaproducts.com (see
LibertyOne and U.S. Internet company PrivaSeek also announced a deal earlier
this month to develop an Asia-wide broker of users’ personal information
story), taking an 80 per cent stake in the joint venture and
contributing up to AUS$30 million (US$18 million) in debt funding.