Tamedia acquires stake in vehicle portal Car4you
The media company Tamedia has acquired a 15 percent stake in the Car4you automotive portal. Tamedia announced on Friday that it plans to complete the acquisition of the Zurich-based online automotive portal by 2013 at the latest.
Car4you was launched in 1997 and today has over 65,000 vehicle offers from private individuals or specialist dealers. The operating company employs 12 people.
For Tamedia, the investment represents an important addition to its portfolio in the online classifieds market, the press release continues. In 2004, Tamedia launched a weekly newspaper for the automotive market together with Car4you Switzerland, which was available at newsstands. However, this print product only existed for a short time.
For Tamedia, the investment represents an important addition to its portfolio in the online classifieds market, the press release continues. In 2004, Tamedia launched a weekly newspaper for the automotive market together with Car4you Switzerland, which was available at newsstands. However, this print product only existed for a short time.
