Axel Springer Russia has acquired Gruner+Jahr Russia

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FDN Database Reference:  A0235-231114
Acquirer:  Axel Springer Russia
ACQ Web:
Location:  Russia
Region:  Europe
Description:  Publishing House
Contact 1:  Ralph Byuhi, president of Axel Springer International
Vendor:  Gruner+Jahr
Vendor Web:
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, and, 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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