Ringier Axel Springer Media takes over online portal in Slovakia
Ringier Axel Springer Media has taken over the Slovakian online portal AZET.SK. Its Slovakian subsidiary acquired 70 percent of the shares in the AZET.SK operator.
The new acquisition is a so-called horizontal Internet portal that bundles a large number of different websites and online services, as the joint venture between Ringier and the German media group Axel Springer announced on Friday. The portal was founded in 1997 and currently reaches over 75 percent of Slovakian Internet users, putting it in a leading position in the online market, according to the press release.
