Thursday, April 17th, 2014
Today's weather     
Wirtualna Polska takeover approved

28th January 2014
Bookmark and Share


The Office of Competition and Consumer Protection (UOKiK) has approved the takeover of Wirtualna Polska by Grupa o2 deciding that such a merger will not affect competition.

“The proceedings carried out have shown that the concentration will not lead to limitation of competition,” the UOKiK statement reads.

Internet portal firm Grupa o2 agreed to buy 100 percent of shares in Wirtualna Polska from Poland’s largest telecommunications firm Telekomunikacja Polska back in October 2013. The deal, worth PLN 375 million, was carried out with the help of financing from private equity fund Innova Capital.

Wirtualna Polska had 13.5 million users in November 2013 and is the second most visited Polish news portal, while Grupa o2 portals boasted 9.23 million users and places sixth. The top-visited Polish web portal was Onet.pl with 15.25 million users that month.

According to Orange Polska, the current owner or Wirtualna Polska, the deal should be finalized in Q1 2014.

Poland A.M.
 


From Warsaw Business Journal


Advertisement
The business of politics
Poland’s PM owes Putin one
BY Remi Adekoya
A few months ago, Civic Platform (PO), Poland’s ruling party, looked sure to lose the upcoming European Parliamentary elections in May. Poll ... READ MORE
From the editor
A day full of possibilities
BY Andrew Kureth
My favorite cartoon ever drawn is the final strip of the iconic “Calvin and Hobbes” series, by fellow Kenyon College alumnus ... READ MORE
Our partners