NZZ acquires 100 percent of the shares in The Market
Effective December 1, 2023, NZZ acquired the remaining 60 percent of the shares in The Market, the digital financial magazine for investors, from the founders. NZZ now owns 100 percent of the company.
All founders will remain active in their current roles. A full takeover of the founders' shares was already planned in 2019 when the minority stake in The Market was acquired. With the acquisition of 100 percent of the shares by the NZZ this has now been completed.
"With our investment in The Market, we have expanded the business reporting of the NZZ-media with a product that focuses on the specific needs of investors. The extensive market knowledge of the founding team and the expertise of the NZZ in the areas of product development, marketing and technology complement each other perfectly," says Felix Graf, CEO of NZZ.
The Market was founded in 2019 with a team of financial journalists, an advertising market specialist and a product management specialist around Editor-in-Chief and Managing Director Mark Dittli.
