Edipresse and Tamedia acquire majority stake in Homegate.ch
The two media companies, Edipresse and Tamedia, will hold a majority stake in the real estate portal Homegate.ch going forward: Both are increasing their existing stakes from 16.5 percent each to 45.0 percent each. The seller is the Zurich Cantonal Bank (ZKB), which will retain a 10 percent stake.
The two media companies Edipresse and Tamedia will in future hold a majority stake in the real estate portal Homegate.ch: both are increasing their previous holdings from 16.5% each to 45.0% each. The seller is Zürcher Kantonalbank ZKB, which will retain a 10 percent stake. This purchase had already been contractually agreed in 2004. The media companies want to strengthen their online offerings, as they announced in a joint press release on Wednesday. Homegate.ch was already integrated into the real estate sections of Edipresse and Tamedia products. With around 780,000 unique clients per month (Net-Metrix audit February 2008), Homegate.ch is the leading real estate portal in Switzerland and one of the most visited websites in Switzerland. The management team under CEO Urs Hügli will remain responsible for the management of the company.
