Ad Link: Stakes in Goldbach Media and Hi-media sold
Ad Link sells its stake in Zurich-based Goldbach Media to the internet service provider United Internet. The German online advertising service provider is also parting with Hi-media. As Ad Link announced on Wednesday, the total proceeds from the sale amount to 45.1 million euros.
Ad Link sells its stake in Zurich-based Goldbach Media to the internet service provider United Internet. The German online advertising service provider is also parting with Hi-media. As Ad Link announced on Wednesday, the total proceeds from the sale amount to 45.1 million euros.
The sale is intended to reduce debt. According to SDA, the company held a 14.99 percent stake in the company. Ad Link has reoriented itself and wants to focus on performance marketing and domain marketing. The Management Board and Supervisory Board have also decided to pursue the realignment.
by renaming the company, according to an Ad Link press release. The final decision on the planned change of name and the future company name will be made at the company's Annual General Meeting in 2010.
As part of the realignment, the composition of the Ad Link Group's Management Board is changing: the previous board members Stéphane Cordier and Marc Stilke will leave at the end of September 2009. Tim Schumacher, Managing Director of Sedo, and Alexander Röthinger, Managing Director Technology of affilinet, will be appointed as new members of the Management Board and will take on the roles of CEO and CTO respectively. Schumacher and Röthinger will form the company's Management Board together with Andreas Janssen, CFO of the Ad Link Group.
Goldbach Media, based in Küsnacht, Zurich, markets advertising for electronic, interactive and mobile media. In the first half of 2009, the company generated sales of CHF 139.4 million.
www.sda.ch
The sale is intended to reduce debt. According to SDA, the company held a 14.99 percent stake in the company. Ad Link has reoriented itself and wants to focus on performance marketing and domain marketing. The Management Board and Supervisory Board have also decided to pursue the realignment.
by renaming the company, according to an Ad Link press release. The final decision on the planned change of name and the future company name will be made at the company's Annual General Meeting in 2010.
As part of the realignment, the composition of the Ad Link Group's Management Board is changing: the previous board members Stéphane Cordier and Marc Stilke will leave at the end of September 2009. Tim Schumacher, Managing Director of Sedo, and Alexander Röthinger, Managing Director Technology of affilinet, will be appointed as new members of the Management Board and will take on the roles of CEO and CTO respectively. Schumacher and Röthinger will form the company's Management Board together with Andreas Janssen, CFO of the Ad Link Group.
Goldbach Media, based in Küsnacht, Zurich, markets advertising for electronic, interactive and mobile media. In the first half of 2009, the company generated sales of CHF 139.4 million.
www.sda.ch
