Zurich (ots) - On April 26, 2017, Ringier Axel Springer Media AG and
the Polish media company TVN S.A., owned by Scripps Networks
Interactive, entered into an agreement regarding the acquisition of
the remaining 25 percent of Onet Holding sp. z o.o.. Ringier Axel
Springer Media AG becomes the sole owner of the company, which among
other assets also owns the leading Polish online portal Onet.pl.
The acquisition stems from an agreement signed by TVN and Ringier
Axel Springer Media AG in 2012.
Mark Dekan, CEO Ringier Axel Springer Media AG: "The acquisition of
the remaining shares in Onet Holding sp. z o.o. is a logical step in
our digitization and growth strategy, and will allow us to further
roll-out the plans in the development of our product and service
offering. We will further invest in the field of content creation
with a special focus on mobile, video and native advertising. I would
like to thank TVN for the good cooperation we have had throughout the
years."
Jim Samples, President and CEO TVN S.A.: "Ringier Axel Springer has
been an excellent partner in Onet, and the sale of our remaining
stake in the business enables us to focus on developing and building
TVN's portfolio of entertainment, news and lifestyle brands across
linear and digital platforms."
About Onet Holding sp. z o.o.
Onet Holding Sp. z o.o. was established as a joint venture of Ringier
Axel Springer and TVN S.A in 2012. Onet Holding Sp. z o.o. is the
owner of 100% shares of Onet S.A., Skapiec.pl Sp. z o.o., Opineo Sp.
z o.o., and 63% shares of City Nav Sp. z o.o. One of its main assets
is the online portal Onet.pl, which is visited monthly by over 17,8
million users (source: Gemius/PBI, March 2017). For over 20 years
Onet.pl is the strongest and most trusted brand among Polish web
portals. It includes popular services such as Onet VOD (video on
demand), Sympatia.pl (dating site), ZUMI.pl (map-based local search
service) and Nasza Klasa.pl (social networking website). Onet S.A. is
also the owner of the IT Hub Dreamlab Sp. z o.o.
About Ringier Axel Springer Media AG
Ringier Axel Springer Media AG was founded in 2010 by the Swiss
Ringier AG and the German Axel Springer SE. The company operates in
the growth markets of Poland, Hungary, Serbia, Slovakia, Estonia,
Latvia and Lithuania with a broad range of media services, comprising
more than 165 digital and print offerings. The company's registered
offices are in Zurich and it employs a total of about 3100 employees.
ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | EUN
