Axel Springer Russia has acquired Gruner+Jahr Russia

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
ACQUISITION 
FDN Database Reference:  A0235-231114
 
Acquirer:  Axel Springer Russia
ACQ Web:  http://www.axelspringer.ru/
Location:  Russia
Region:  Europe
Description:  Publishing House
Contact 1:  Ralph Byuhi, president of Axel Springer International
 
Vendor:  Gruner+Jahr
Vendor Web:  http://www.guj.ru/
Location:  Russia
Region:  Europe
Description:  Publishing House
Contact 1:  Dr. Torsten-Jörn Klein, Head of G+J International
 
Aprox. Value:  According to Handelsblatt (in German), Axel Springer paid several million Euro for G+J Russia and several hundred Euro for license.
 
Details:  Publishing House “Axel Springer Russia has completed its acquisition of the publishing house”Gruner + Jahr Russia. Under the deal all the magazines from the portfolio “Gruner + Jahr Russia, namely: GEO, GALA Biography, GEO Traveller and GEOlenokAs well as sites geo.ru, moi-roditeli.ru and moizvezdi.ru, become the property of Russia division Axel Springer AG. ID “Axel Springer Russia will continue to develop these print and online brands in Russia under license.
 
Link: Press Release

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