July 12 (Reuters) - Aleph Holding said on Monday private
equity firm CVC Capital Partners bought a stake worth $470
million, valuing the digital media company at around $2 billion.
Aleph, founded in 2005 as IMS Internet Media Service by
Chief Executive Officer Gastón Taratuta with only $5,000 as
capital, is on track to hit $1 billion in revenue this year, the
company's website showed.
It said earlier this year it raised funds through a private
placement, and that Sony Pictures Television holds a minority
stake in it.
Aleph helps digital media firms, including social media
companies including Facebook Inc, Twitter Inc,
Microsoft Corp-owned LinkedIn and Snap Inc's
Snapchat connect with advertisers across the globe.
It operates in more than 90 markets worldwide, according to
Aleph recently appointed Imran Khan, who was involved in the
IPOs of Alibaba Group Holding Ltd and Snap Inc, as the
chairman of its board. Khan is a former chief strategy officer
at Snap Inc and the co-founder and CEO of e-commerce platform
(Reporting by Sohini Podder in Bengaluru; Editing by Shinjini