Axel Springer buys 76 pct of Poland's Onet portal
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 TV stations, 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.
(c) 2012 AFP
Citation:
Axel Springer buys 76 pct of Poland's Onet portal (2012, June 4)
retrieved 27 April 2024
from https://phys.org/news/2012-06-axel-springer-pct-poland-onet.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.
