Tamedia buys Ricardo Group from Naspers for CHF 240 mln

Thursday 12 February 2015 | 13:03 CET | News
Swiss media group Tamedia has agreed to acquire the Ricardo Group from South Africa's Naspers for CHF 240 million. The Ricardo Group operates the online marketplace ricardo.ch, the car platform autoricardo.ch, the general classifieds platform olx.ch as well as the Online Shopping Center ricardoshops.ch. Tamedia said the deal will strengthen its leading position on the Swiss online market. The media group will expand its digital portfolio, which already includes platforms such as Doodle, homegate.ch, jobs.ch, Trendsales or Zattoo, to a total of 13 companies. These companies are active in

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Categories: Internet
Companies: Naspers / Zattoo
Countries: Switzerland / World
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