Media Rollup Firm Tsavo Buys User-Gen Recipe Site OpenSourceFood
Tsavo Media, the Santa Monica, CA-based online media rollup recently started by former Userplane CEO Mike Jones, has acquired user-generated recipe site Open Source Food (OSF) from Egg & Co., a venture of Tokyo-based Web producer Jon Anthony Yongfook Cockle (“Yongfook”). No financial details were disclosed. More details in release.
SEE ALSO: Media Rollup Firm Tsavo Acquiring Some Assets Of MoxyMedia; Both Backed By American Capital
Tsavo is funded by PE firm American Capital, and has acquired two companies since its formation in September last year: MoxyMedia, the Canada-based online media firm with a portfolio of about 300 different online publishing sites, and Better, the El Segundo, CA-based online marketing and SEO firm.
OSF has been renamed NibbleDish; Yongfook will remain with the company. User-gen recipe sites is a crowded space, with competition from the likes of Reader’s Digest-owned AllRecipes, Scripps-owned Recipezaar, and Time Inc-owned MyRecipes.com, among many others.
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, opensourcefood, tsavo media
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