News Corp Acquires BigDecisions.Com
December 19 2014 - 3:15PM
Business Wire
India Web Startup Helps Consumers Make
Financial Decisions
News Corp announced today that it has acquired
BigDecisions.com in India.
BigDecisions.com aims to help Indian consumers make smarter
financial decisions through interactive, decision-making tools
powered by sophisticated algorithms and data. Its mission is to
provide a platform to deliver unbiased information and analysis to
consumers on topics ranging from life and health insurance and
retirement planning to providing for a child’s education or buying
and renting real estate.
"Our latest investment builds on our abiding belief that a
digital India needs more trusted, reliable and independent data,”
said Robert Thomson, Chief Executive of News Corp.
"BigDecisions.com will help Indians make the most important
decisions by using accurate information tailored to their personal
needs. This platform will be high quality, privacy-protected and
easy-to-use.”
The acquisition of BigDecisions.com includes the site’s parent
company, FinDirect Services Pvt Ltd.
News Corp’s investment follows its announcement in November that
it had acquired a 25% stake in PropTiger.com, a leading residential
real estate platform that also provides accurate and independent
data and information to India’s homebuyers. News Corp’s other
operations in India include Dow Jones, The Wall Street Journal,
Factiva and HarperCollins Publishers businesses.
Started in early 2013 by Manish Shah and Gaurav Roy, and
operating until recently as bigdecisions.in, the
BigDecisions.com platform has already helped some 40,000 users make
better-informed decisions. Following the acquisition, both
co-founders will help oversee a significant expansion of the
Mumbai-based BigDecisions.com team as well as its consumer
offerings. They will report to Raju Narisetti, News Corp Senior
Vice President, Strategy.
Mr. Shah, an alumnus of IIM Ahmedabad, spent a decade with
Citigroup in India and the US, in a wide range of roles in the
unsecured lending, wealth management and mortgage businesses. In
his last role, he was head of new initiatives with AEGON Religare
Life Insurance. Mr Roy is an alumnus of IIT Bombay and XLRI
Jamshedpur, with diverse experience across management consulting,
financial services and technology. He has worked at Arthur
Andersen, KPMG, Wipro, Bharti AXA, and AEGON Religare.
About News Corp
News Corp (NASDAQ:NWS)(NASDAQ:NWSA)(ASX:NWS)(ASX:NWSLV) is a
global, diversified media and information services company focused
on creating and distributing authoritative and engaging content to
consumers throughout the world. The company comprises businesses
across a range of media, including: news and information services,
book publishing, cable network programming in Australia, digital
real estate services, digital education, and pay-TV distribution in
Australia. Headquartered in New York, the activities of News Corp
are conducted primarily in the United States, Australia, and the
United Kingdom. More information: http://www.newscorp.com.
Forward-Looking Statements
This document contains certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on management’s views and
assumptions regarding future events and business performance as of
the time the statements are made. Actual results may differ
materially from these expectations due to changes in global
economic, business, competitive market and regulatory and other
factors. More detailed information about these and other factors
that could affect future results is contained in News Corp’s
filings with the Securities and Exchange Commission. The
“forward-looking statements” included in this document are made
only as of the date of this document and we do not have any
obligation to publicly update any “forward-looking statements” to
reflect subsequent events or circumstances, except as required by
law.
News CorpJim Kennedy, 212-416-4064Chief Communications
Officerjkennedy@newscorp.com@jimkennedy250orMike Florin,
212-416-3363SVP, Head of Investor Relationsmflorin@newscorp.com
News (ASX:NWSLV)
Historical Stock Chart
From Apr 2024 to May 2024
News (ASX:NWSLV)
Historical Stock Chart
From May 2023 to May 2024