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 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.

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
a.delvenakiotis@ringieraxelspringer.com
www.ringieraxelspringer.com

TVN S.A.
Joanna Górska
Head of the PR team
TVN S.A.
Phone: +48 22 453 65 13
j.gorska@tvn.pl

Marta Jerzykowska
Corporate Communications Specialist
Phone +48 22 453 33 75
mob.: +48 516 444 406
m.jerzykowska@tvn.pl

Original-Content von: Ringier Axel Springer Media AG, übermittelt durch news aktuell