Axel Springer buys 76 pct of Poland's Onet portal

Jun 04, 2012
German newspaper publisher Axel Springer's Berlin headquarters Enlarge
German newspaper publisher Axel Springer's Berlin headquarters in 2006. Poland's TVN commercial media group said it had sold 76 percent of Onet, a major Polish Internet portal, to Germany's Axel Springer media for nearly 969 million zloty (220 million euros, $275 million).

Poland's TVN commercial media group said Monday it had sold 76 percent of Onet, a major Polish Internet portal, to Germany's Axel Springer media for nearly 969 million zloty (220 million euros, $275 million).

A major commercial media player in Poland running several , TVN said in a statement it will continue to hold the remaining stake.

Axel Springer, publisher of Germany's Bild-Zeitung tabloid daily, already owns Poland's top-selling tabloid daily Fakt, and controls 49 percent of the Infor PL publishers focused on business news.

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