Founders Buy Back LeWeb Paris, 08 April 2015 - LeWeb founders Loic and Geraldine Le Meur have purchased Reed Elsevier France’s majority equity stake in LeWeb. Reed MIDEM, a subsidiary of Reed Elsevier France, will no longer operate LeWeb, which is now 100% controlled by the Le Meurs. Starting in December 2012, the Reed MIDEM partnership with the Le Meurs aimed to grow the LeWeb brand by launching new events outside France. Since that date, the proliferation and expansion of other internet and startup-focused events has crowded the international market, making the launch and growth of new LeWeb events less appealing to Reed MIDEM. This influenced Reed Elsevier France’s decision to sell back its stake to the Le Meurs. The yearly LeWeb conference in Paris is a recognized industry leader, bringing together Silicon Valley with international startups, entrepreneurs, venture capitalists, business angels and forward-thinkers operating in the digital ecosystem. The quality of its conference programme is internationally renowned and its Startup Competition has fast-tracked numerous companies to fullfinancing, helped by the number and quality of the international investors present at LeWeb. Reed MIDEM’s portfolio strategy has evolved since the LeWeb acquisition in 2012. The company will concentrate on expanding its core existing brands in international markets. In 2014 Reed MIDEM launched MIPIM UK in London and MIPCancun in Mexico. In 2015 the company will debut MIPIM Japan in Tokyo and the Retail Real Estate Market, powered by MAPIC, in Shanghai. Reed MIDEM will be increasingly focused on the startup/tech/digital ecosystem. The company will intensify its efforts to involve startups, entrepreneurs, investors and digital thought leaders and to focus on digital innovation in all of its events.
© Copyright 2021 ExpyDoc