Piano Media purchases US Press+

PIANO Media, a company offering an online payment scheme in Slovakia, has bought its biggest rival on the market, US Press+ firm. The acquisition has resulted in the creation of the biggest online payment scheme in the world, operating 630 publishing houses on five continents, the Omediach.com website wrote on September 9.

PIANO Media, a company offering an online payment scheme in Slovakia, has bought its biggest rival on the market, US Press+ firm. The acquisition has resulted in the creation of the biggest online payment scheme in the world, operating 630 publishing houses on five continents, the Omediach.com website wrote on September 9.

“The group of investors led by 3TS Capital Partners has acquired through Piano Media the biggest provider of digital subscription services in the world, Press+,” David Brauchli, spokesperson for Piano Media, told Omediach.com.

The acquisition will allow the two companies to extend this payment scheme model across the world, Brauchli added.

The new head of the merged company became Kelly Leach, former head of the European Wall Street Journal and executive director of EMEA for Dow Jones.

Source: Omediach.com

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

News digest: Minister adjusts vaccine expectations, mass testing decision still in the balance

Police investigate reported surveillance of journalist. Wolf will be protected all year long.

Mass testing for the coronavirus in the Nitra Synagogue.

Roundup: Fairytale app that makes children read

An award-winning design by a Slovak architect and a trip to Zádielska dolina valley. Here’s your latest roundup.

A man wearing a face covering sits in an armchair on the snow-covered Main Street in Košice on January 13, 2021.

More tips for outings in Bratislava during the lockdown

Walks along the Danube bank offer a feeling of being far from the city rush.

This place, part of Ovsištské Lúky (Ovsište Meadows) in Petržalka, is still Bratislava.