Acquisitions
Mecom-boss David Montgomery has denied a concrete offer for Edda Media has been put forward, and said the British company's board has no intention of selling the Norwegian newspaper group. The former Mirror-boss turned European media mogul was visiting his newspapers in north-west Norway at the start of
Acquisitions
"Did the Norwegians celebrate 17 May by closing the Swedish fool's project Punkt SE? Well, at least the announcement of the closure came on the first working day after Norway's national day, even though the decision had been on the table for a few weeks,
Acquisitions
Without doubt my favourite headline last week, but the story behind it was probably not a big hit in the headquarters of Fast Search and Transfer who was served a hefty fine of roughly £100,000 (NOK 1.110.220 kroner) for not informing Oslo Stock Exchange (OSE) about Microsoft&
Acquisitions
Südwestdeutsche Medien Holding (SWMH) has secured an additional 62,5 per cent stake in Süddeutscher Verlag, the Stuttgart group that publishes Süddeutsche Zeitung, Germany's largest daily broadsheet. The group, which is Germany's third largest publisher of daily newspapers, already controls 18,73 per cent of the
Acquisitions
Mecom has declared its offer for Dutch newspaper group Wegener unconditional after the Dutch competition authorities (NMa) yesterday approved the acquisition, subject to certain conditions. Mecom had amassed 86,6 per cent of the shares at the end of the tender period 19 October, with Government of Owners (GO) still
Acquisitions
Sweden's biggest commercial TV-channel is acquiring politikerbloggen.se for 1m SEK (about £75,000) (via Dagens Media). The blog was set up by Niklas Svensson after he was ousted from Swedish tabloid Expressen in the aftermath last year's 'hacking-scandal'. Svensson lost his job when
Acquisitions
Governance of Owners (GO) is attempting to throw a spanner in the works for former Mirror-boss David Montgomery's rapidly expanding newspaper empire (via NA24 Propaganda). The British fund has adviced Dutch newspaper group Wegener, of which GO owns 13.3 pc, to reject Mecom's bid. Wegener&
Acquisitions
Mecom, the investment vehicle of former Mirror boss David Montgomery, has finally submitted a formal bid for Dutch regional newspaper group Wegener. The British media group announced its takeover plans early May, but the deadline for submitting a formal bid in accordance with Dutch law had to be extended thrice
Acquisitions
The highest bid was not enough to persuade the Lagardère and Le Monde groups to sell their regional newspapers to Mecom. Lagardère Group announced on Monday that it had sold its regional dailies in Southern France to Groupe Hersant Média for €160m. Le Monde Group is suspected to follow suit
Acquisitions
Last month Norwegian media group A-pressen was heavily criticised for indirectly supporting Putin via its involvement in Russia. Now it seems A-pressen - a group owned by the Labour Union, the partly state-owned Telenor and free speech charity Fritt Ord - will sell its 25 per cent stake in Russia&
Acquisitions
Here's another interesting acquisition, good thing I'm not the only one to be working through the holidays: Jupitermedia buys Mediabistro for $23m. Can't say I agree with the headline for this article though: 'Website for jobseekers sold'. Mediabistro is much more than
Acquisitions
Meanwhile, and yes, have to stop this journalistic obsession with M&As soon, Mecom edged one step closer to acquiring Wegener yesterday, when the Dutch Financial Authorities granted the British newspaper group an exemption from the requirement to submit a formal bid within six weeks of announcing ït. The