DGM UK, the affiliate advertising network, has gone into administration, and there were rumors that the Indian entity has been impacted as well. We contacted DGM India for a clarification, and were informed that the company is not affiliated with the UK business, even though the brand name is the same. The UK entity was subject to a management buyout in 2007, and as of January 2010, Asia Digital Holdings does not even have board representation in DGM UK, despite owning 49% in the company. So it looks like DGM India also forgot to update its website regarding Asia Digital Holdings. Also, judging by their 2009 annual report, wherein Asia Digital Holdings reported revenues of GBP 18,873,000 and a loss of GBP 2,574,000, they aren't doing well either. The liquidation of the UK entity is a loss for Asia Digital Holdings, but doesn't directly impact the Indian operations. A statement below from DGM India MD Anurag Gupta: "Our current holding company Asia Digital Holdings neither managed, nor majority owned, the UK business. though we did have a 49% shareholding of the UK business we have not been involved in the management of that business since the management buy out announced on the 12th December 2007. In addition though we were originally on the board of the directors that position was resigned earlier in the year in response to concerns about its solvency and corporate governance. Though it is understandable that clients and affiliates of our businesses may be confused by…
- Can Taking Away Safe Harbour Fix Free Speech Issues In An Internet Dominated by A Few Tech Cos? #NAMA May 23, 2023
- Content Blocking Orders Not Following Free Speech Protections Upheld by Supreme Court: Experts at MarketsNama #NAMA May 23, 2023
- What are the problems that companies face when law enforcement agencies demand for data? #NAMA May 23, 2023
- Digital India Act Consultation in Mumbai: Live updates May 23, 2023
- AI Companies Pushing for Regulation: Key issues discussed in the US Subcommittee hearing on AI oversight May 23, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...