The rumors that The Stars Group owned PokerNews were confirmed this week after iBus Media held a company-wide conference to discuss a potential acquisition strategy.

From PokerNews.com:

iBus Media (PokerNews) has seen strong growth over the last few years which has led to significant increases in both revenue and headcount. We are now in a position where we want to increase the speed of that growth and are therefore actively considering an acquisition strategy.

iBus has always been run as an independent business but as a result of the new strategy we felt it was the appropriate time to ensure there was clarity around the ownership of our business.

Tony G (Antanas Guoga) founded iBus Media as PokerNews almost 15 years ago, however, since 2010, he has steadily sold his equity in stages to the Stars Group who currently own a large majority of the business which Tony has now exited.

iBus Media has always maintained an arms-length relationship with the Stars Group and there will be no change in the way the business is managed moving forward.

To put the commercial relationship into context, PokerStars and its associated brands currently represent less than 5% of iBus’s affiliate revenues.
Read more here https://www.pokernews.com/news/2017/...tion-29262.htm