Ringier AG and Axel Springer AG will combine their operations in five Eastern European countries in a new company to be headquartered in Zurich. Each partner will hold 50 percent of the new company.
Combined, both companies showed Eastern European sales on a pro-forma basis 2009 totaling approximately €414 million (CHF 601 million) an EBITDA of €62 million (CHF 89 million). With 4,800 employees
German publishing company Axel Springer had quite a good year in 2009 considering the worst economic crisis in decades. Revenues declined by 4.3 percent (€2.61 billion) and the EBITDA fell 45 percent to €333.7 million, but CEO Mathias Döpfner is still satisfied, especially when it comes to the EBITDA margin of 12.8 percent. With earnings per share at €10.19 the manageme
Great Britain's affiliate network Digital Window -- majority held by Germany's Axel Springer and Switzerland's Publigroupe AG -- has acquired competitor network Buy.at from AOL´s British firm Perfiliate Ltd for an undisclosed sum. Affiliate network sites steer customers to e-commerce sites in ex
German media group Axel Springer withdrew its offer to buy 29 percent of Dogan Yayin, the media division of the Turkish company Dogan Holding, for roughly €160 million, after representatives of Dogan Yayin and the Turkish government failed to settle a tax dispute.
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German media group Axel Springer has managed to increase its shareholding in Norwegian-based and LSE-listed job portal Stepstone from 52.77 percent to 87.8 percent with its special offer to shareholders to buy the 60.9 million shares not yet under Springer's control for nine Norwegian Kronen per share (about $1.60 U.S).
Germany's Axel Springer AG acquired majority interest in Oslo-based StepStone ASA, now holding 52.27 percent of the international recruitment portal's equity. The German media giant said it would extend a public takeover offer to remaining shareholders for a price of NOK 8.60 ($1.43 U.S.) per share...