Zurich rumors: Red Herring arrives, First Tuesday sold

Rumors want that Red Herring, the reborn Silicon Valley tech magazine, will be opening an office in Zurich soon. It would initially be a commercial operation focusing on supporting RH's events in Europe and selling ads for the magazine. At a later stage it may be expanded into editorial (Jennifer Schenker, one of the magazine's top editors, is currently based in Paris). (UPDATE 3 March 06: RH confirms).
And in the coming days it should be announced that European networking platform openBC has acquired the Swiss think-tank First Tuesday Zurich for an undisclosed sum. The deal was apparently closed last week. Susan Kish, the FTZ's CEO, will remain based in Zurich and be charged with building up and running openBC's "live events" global unit (openBC's user base is booming across Europe and in Asia). (UPDATES 20 Feb 06: openBC confirms the acquisition; 21 Feb: press release PDF).

Comments

[Fredy Künzler]

Almost a year ago, at one of this OpenBC get-togethers I was offered CHF 3 Mio for a simple idea by one of this venture capitalists I've never met before ... welcome back, Hype! The next depression will start around 2009 again.

F.