Publishing house Ringier Axel Springer Media AG has taken over a 70% stake in the information web portal Azet.sk.
The portal has been operating several websites since 1997 and is in eighth place in Deloitte’s ranking of fastest growing technological companies in Central Europe, while taking top spot in Slovakia, reaching something over 75% of the internet community here.
Ringier sees the acquisition as the perfect way to branch more into the on-line internet market in Slovakia, where a growth of 25% is projected in the coming years.
Founder and CEO of Azet.sk, Milan Dubec, referred to the Ringier Axel Springer group as the perfect partner for a long-term strategic partnership to develop the company. They will now concentrate on boosting the on-line business and the position of Azet on the market, he says.
1977? Um, lol?