Spectator on facebook

Spectator on facebook

FOCUS SHORT

Ringier Axel Springer buys Azet.sk

EUROPEAN media giant Ringier Axel Springer Media AG has purchased a majority stake in the most visited web portal in Slovakia, buying 70 percent of Azet.sk via its Slovak publishing subsidiary in mid December. The price of the transaction was not disclosed, the SITA newswire wrote.

EUROPEAN media giant Ringier Axel Springer Media AG has purchased a majority stake in the most visited web portal in Slovakia, buying 70 percent of Azet.sk via its Slovak publishing subsidiary in mid December. The price of the transaction was not disclosed, the SITA newswire wrote.

The director of Axel Springer Media AG, Florian Fels, wrote in a press release that this acquisition gives the company a leading position in the Slovak online market, which is expected to grow by 25 percent in coming years. The penetration of Azet.sk is currently more than 75 percent of the population, representing about 1.9 million real users.

“The portal with a wide content focus excellently fits with our strong media brands and suitably expands the existing portfolio in Slovakia,” said Fels. He said he was glad that the management team of Azet.sk would support Ringier Axel Springer in central and eastern Europe in innovations and digitalisation.

The founder and director of Azet.sk, Milan Dubec, said a common aim of both partners is to continue the expansion of Azet.sk’s online business and build market share.

Ringier Axel Springer Media AG was established in 2010 by the merger of Swiss Ringier and German Axel Springer. It publishes the most popular daily newspaper in Slovakia, Nový Čas, the weekly Život, monthlies Eva and Geo, and runs web portals Čas.sk, Lesk.sk and Adam.sk, among others.

Ringier Axel Springer AG also acquired a share in CPress Media, with the Zive.sk and Bazar.sk sites.

Azet.sk is a popular internet portal in Slovakia, operating a kind of Slovak Facebook, Pokec.sk, and a news portal, Aktualne.sk. It employs about 160 people.

Azet.sk began looking for a new majority owner or investor in spring 2010, with one shareholder saying they would not like to sell for less than €30 million.


The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Heavy rains flood the Tatras Video

People had to be evacuated and several hiking routes had to be closed.

Stará Lesná

Trump plays with the world like a spoiled child

The White House is now broadcasting its most spectacular soap opera, beating and overcoming those of sundry leaders from different continents and different times.

Donald Trump