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27.04.2017 – 17:03

Ringier Axel Springer Media AG

Ringier Axel Springer Media AG and TVN S.A. enter into an agreement for the acquisition of the remaining 25 percent of the shares in Onet Holding sp. z o.o

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

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., 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, which is visited monthly by over 17,8 million users (source: Gemius/PBI, March 2017). For over 20 years is the strongest and most trusted brand among Polish web portals. It includes popular services such as Onet VOD (video on demand), (dating site), (map-based local search service) and Nasza (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.

Press contact:

Ringier Axel Springer Media AG
Alexandra Delvenakiotis
Group Director Communications and Public Affairs
Director Digital Media Campus
Phone +41 44 267 29 14

Joanna Górska
Head of the PR team
Phone: +48 22 453 65 13

Marta Jerzykowska
Corporate Communications Specialist
Phone +48 22 453 33 75
mob.: +48 516 444 406

Original content of: Ringier Axel Springer Media AG, transmitted by news aktuell

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