wordpress blog stats
Connect with us

Hi, what are you looking for?

DGM UK Goes Into Administration; DGM India Not Impacted

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…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

Free Reads

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

News

Using Google Photos the Israeli Army enhanced the facial recognition technology of Corsight AI which was made to identify Hamas associated people

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

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...

Advert

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...

News

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...

News

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ