TV18 Group's Internet arm, Web18 is acquiring three companies, Cricketnext.com, Compareindia.com and Urban Eye, aiding the group to further consolidate its focus on the internet business.Web18 today announced that it would acquire Cricketnext.com, a leading sports portal; CompareIndia.com, a product comparison site and Urban Eye, a web design and technology firm.TV18 India informed the Bombay Stock Exchange that Cricketnext.com would complement the group's online news portal, ibnlive.com and television channels CNN-IBN and IBN7; whereas CompareIndia.com would synergize with moneycontrol.com and also draw synergies with Awaaz, TV 18's Hindi consumer-business offering on television."These acquisitions are in line with our strategy to strengthen our position in the consumer internet space. We expect consumer focused services like online recruitment, financial services, travel services, product comparisons and home shopping, sports, etc to drive the growth of the Internet in India," Haresh Chawla, CEO of TV18 Group, said.This acquisition comes close on the heels of Web18 acquiring a stake in both Yatra.Com and Jobstreet.com.
