19th September 2012
Wednesday, June 19th, 2013
Regulator approves Grupa Onet sale
TVN agreed to sell 76 percent in the portal for zł.968.8 mln. Ringier Axel Springer is the buyer
| Grupa Onet's headquarter in Kraków Courtesy of Wikimedia Commons |
Poland's Office of Competition and Consumer Protection gave its approval for the sale of a controlling stake in Grupa Onet by TVN to Ringier Axel Springer Media, a Swiss-German media company.
Ringier Axel Springer, publisher of Fakt and Newsweek Polska, is prepared to purchase a 76 percent stake in the online portal for cash.
Ringier agreed to pay zł.968.8 million for 76 percent of Onet.
From Warsaw Business Journal
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