Tamedia acquires stake in Pro Seller
The media company Tamedia has acquired a stake in the online marketplace specialist Pro Seller. Pro Seller operates two online marketplaces for IT products and consumer electronics in Switzerland: the price comparison engine Finder.ch and the specialty retail purchasing platform Concertopro.ch.
The media company Tamedia is acquiring a stake in the online marketplace specialist Pro Seller. With the price search engine Finder.ch and the specialist retail purchasing platform Concertopro.ch, Pro Seller operates two online marketplaces for IT products and consumer electronics in Switzerland. More than 700 resellers and over 50 wholesalers are connected via the Concertopro.ch platform. In total, goods worth over CHF 1.5 billion are traded annually via the Pro Seller platforms.
Tamedia is expanding its online commitment by acquiring a stake in Pro Seller. Together with the other shareholders, such as the online investment company Centralway, Tamedia and the founders of Pro Seller want to further develop the offer for a broad audience and expand Finder.ch into the leading price search engine in Switzerland, according to a Tamedia press release.
As a first step, Tamedia will acquire a 30 percent stake in Pro Seller, based in Herrliberg, as of September 8, 2009. The media company has the option of further increasing its stake at a later date. The parties have agreed not to disclose the terms of the investment. In addition to founder Alfred Rossi, the ProSeller Board of Directors now also includes Martin Saidler from Centralway and Christoph Tonini from Tamedia.
Tamedia is expanding its online commitment by acquiring a stake in Pro Seller. Together with the other shareholders, such as the online investment company Centralway, Tamedia and the founders of Pro Seller want to further develop the offer for a broad audience and expand Finder.ch into the leading price search engine in Switzerland, according to a Tamedia press release.
As a first step, Tamedia will acquire a 30 percent stake in Pro Seller, based in Herrliberg, as of September 8, 2009. The media company has the option of further increasing its stake at a later date. The parties have agreed not to disclose the terms of the investment. In addition to founder Alfred Rossi, the ProSeller Board of Directors now also includes Martin Saidler from Centralway and Christoph Tonini from Tamedia.
