Cyber Media takes 20% stake in SX2 Media Labs

Cyber Media (India) has acquired a 20% stake in New York-based SX2 Media Labs LLC, a company formed by David Sills and Stoneybrook Capital.

Pradeep Gupta, CMD of Cyber Media, said: "Cyber Media's strategic investment in SX2 Media Labs is aimed at leveraging our 23-year IT and telecom publishing experience to partner with SX2 Media Labs in growing Computer Shopper and allied brands over all types of media delivery vehicles. We are excited to be part of SX2 Media Labs' journey into the future with Computer Shopper magazine."

SX2 Media Labs had recently acquired Computer Shopper magazine, a 26-year old print publication that serves as a monthly guide to new technology and shopping guide for more than 300 products per issue.