Tag: axel springer

Naspers’ assets in Poland may be up for sale

Naspers’ assets in Poland may be up for sale

According to a report on Reuters, South African e-commerce giant Naspers wants to sell its assets in Poland, including the Allegro Group, a leader in the online classifieds market in Eastern Europe. Reuters reported on Jan. 14 (here) that, according to two undisclosed sources, Nasper

Ringier and Axel Springer Switzerland to form joint venture

Just before the season holidays another quite surprising news echoed from Switzerland, that might have consequences for the classifieds market: Swiss still family-owned media company Ringier and German Axel Springer announced plans to establish a further joint-venture, in which each party shall hold a 50 percent stake. Both companies

General Atlantic cuts stake in Axel Springer classifieds, with huge profit

U.S. investment firm General Atlantic sold part of its stake in Axel Springer Digital Classifieds today for what one can only call "a fat profit". The company grew its investment of €237 million for a 30-percent share in classifieds company Axel Springer Digital Classifieds in March 2012 to €892 million in December 2014. It pocketed half that amount in cash (€446 million) today - when it sold h

Classifieds add lustre to Axel Springer results

Revenue grew in all three of Axel Springer’s operating divisions (Paid models, Marketing models, and Classified ad models) in the first nine months of FY2014, the company said yesterday. But, the division Classified ad models was the star-performer. Axel Springer grew its consolidated group revenue by 6.9 percent to €2.2 billion in the first nine months of FY2014. But, the division Classified a

Now Swisscom bids for whole Publigroupe

Swisscom raised the stakes on Friday in the battle for leading web directory Local.ch. The Berne-based telecom company made a takeover offer of CHF 200 per share ($1.78 U.S.) for the entire Publigroupe, which tops

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