Abu Dhabi-based International Media Investments bought the Al Ain News online portal as part of its expansion within the region.
The deal will allow the online portal to benefit from IMI's "administrative and commercial expertise, distinguished media talents and advanced technical capabilities", the company said on Sunday.
Al Ain News covers local, Arab and international topics supported by reports, research and analysis. It also regularly publishes opinion articles from leading writers and politicians.
The website has a large social media presence with 1.3 million Facebook followers, more than 620,000 Instagram followers and 320,000 followers on Twitter. It is also available in several languages and audio, visual and digital media platforms.
IMI is an investment company that acquires media assets and works to enhance their operational efficiency while investing in developing and expanding their reach.
The company's assets include The National in Abu Dhabi and Alroeya, an Arabic news website that provides a digital media platform for the younger generation. IMI also holds a 50 per cent stake in Sky News Arabia, a joint venture with Sky Plc, and a minority stake in Euronews.
IMI is a subsidiary of the Abu Dhabi Media Investment Corporation.
