Axel Springer buys 76 pct of Poland's Onet portal

Kioskea on Monday June 4, 2012 02:02:32 PM


German newspaper publisher Axel Springer\'s Berlin headquarters

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 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.

© 2012 AFP

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