German news publisher and multimedia conglomerate Axel Springer is buying a position in Poland’s most popular web portal, Onet.pl. Springer’s
Europe JV with Swiss Ringier is teaming with TV broadcaster TVN, which already owns the portal, to jointly own 75% of Onet.pl’s shares, for 956.25 million Polish zloty ($273 million,
€217.5 million). Ringier Axel Springer CEO Florian Fels, in an announcement, calls it a “milestone” for the two-year-old JV.
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