"From hand to hand" and Job.Ru "left" from Holland to Turkey
The publisher “From hand to hand” , in whose assets are job.ru , job-today.ru , auto-photo.ru and other sites, falls back to the possessions of the Turkish media group Dogan Yayin AS . For $ 500 million, this group buys 100% of the shares of the Dutch company Trader Media East Ltd. (TME), which, in addition to the above, publishes Optovik, Avto magazines and the Work Today newspaper in Russia.
The buyer hopes that the acquisition of TME will help him become one of the largest publishers of advertising newspapers in the world. With the involvement of TME, it is expected to increase to 35% the share of foreign operations in Dogan's total revenue. According to Interfax , in 2005 Turkish company’s revenues amounted to $ 1.3 billion. It controls two leading newspapers and two popular TV channels in Turkey, with 15% of the total advertising market in the country.
At the same time, making a deal, the Turkish holding is going to expand its business to Central and Eastern Europe. The acquired TME owns media assets in Hungary, Croatia, Poland, Belarus, Kazakhstan, Lithuania, Ukraine - a total of 256 monthly and daily publications and 12 sites. At the same time, business in Russia brings TME more than 70% of consolidated revenue. In 2005, this figure was $ 197.9 million. It is reported that the interests of the new owner of TME in Europe are not in the last place - the online advertising market.
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The offer for one share of TME was $ 10, which is higher than the current price of these shares on the market. Their average price over the past three months was $ 8.1. According to the TME report, the board of directors supported the proposal of Dogan Yayin AS and recommended shareholders to vote for it.
Note that during the February 2006 IPO on the London Stock Exchange, shares of Trader Media East were sold for $ 13 apiece. Experts explain the decline in their quotations by the crisis situation on the Russian market of advertising and informational press. They see the cause of the crisis, in particular, in the stagnation in the metropolitan real estate market, when the number of announcements about buying and selling apartments this year has decreased several times, Vzglyad reports.
The buyer hopes that the acquisition of TME will help him become one of the largest publishers of advertising newspapers in the world. With the involvement of TME, it is expected to increase to 35% the share of foreign operations in Dogan's total revenue. According to Interfax , in 2005 Turkish company’s revenues amounted to $ 1.3 billion. It controls two leading newspapers and two popular TV channels in Turkey, with 15% of the total advertising market in the country.
At the same time, making a deal, the Turkish holding is going to expand its business to Central and Eastern Europe. The acquired TME owns media assets in Hungary, Croatia, Poland, Belarus, Kazakhstan, Lithuania, Ukraine - a total of 256 monthly and daily publications and 12 sites. At the same time, business in Russia brings TME more than 70% of consolidated revenue. In 2005, this figure was $ 197.9 million. It is reported that the interests of the new owner of TME in Europe are not in the last place - the online advertising market.
')
The offer for one share of TME was $ 10, which is higher than the current price of these shares on the market. Their average price over the past three months was $ 8.1. According to the TME report, the board of directors supported the proposal of Dogan Yayin AS and recommended shareholders to vote for it.
Note that during the February 2006 IPO on the London Stock Exchange, shares of Trader Media East were sold for $ 13 apiece. Experts explain the decline in their quotations by the crisis situation on the Russian market of advertising and informational press. They see the cause of the crisis, in particular, in the stagnation in the metropolitan real estate market, when the number of announcements about buying and selling apartments this year has decreased several times, Vzglyad reports.
Source: https://habr.com/ru/post/4920/
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