Cyber Media, a specialty publication group, has acquired the entire equity in UBM-CyberMedia, a 50:50 joint venture between United Business Media LLC (UBM) and CyberMedia LLC.The joint venture publishes a monthly magazine Global Services, a website globalservicesmedia.com and an events management division for the outsourcing and off-shoring community.The value of the deal has not been disclosed.According to a release issued by Cybermedia to the BSE today, UBM LLC will continue to provide services to support and enhance the products and services being delivered by CyberMedia."CyberMedia is the largest specialty media player in South Asia and has embarked on a global expansion plan by acquiring the entire equity in this joint venture to ensure global footprint in the specialty media space" said Pradeep Gupta, chairman, CyberMedia Group.Launched in February 2006, the magazine has a print order of 30,000 amongst buyers of professional services in North America and Western Europe and the website attracts 21,000 professionals every month and the joint venture has conducted close to 10 events.