2009’s key moments in media industry

Simina Mistreanu, 5 Jan 2010

Romanian version

Romanian media and advertising market is going into 2010 without several major newspaper titles, and with a lower value, but with firm growth prospects from dynamic sectors, such as internet and film industry.

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7. Transactions in the online media

Even if the M&A market has been on ice in 2009, the Romanian online industry has seen players striking major deals. In November, investment fund 3TS Cisco Growth Fund announced the acquisition of 25% interest in online publisher InternetCorp. The transaction is expected to fuel the growth rate of the company.

“With 5 years of history, an excellent team, a portfolio consisting of top sites and a strong financial backer, InternetCorp is no longer a start-up,” said Mihai Seceleanu, InternetCorp’s CEO (photo).

The companies involved in the deal refused to disclose the value of the company, but according to Ziarul Financiar daily, the acquisition of a minority stake in InternetCorp evaluates the company at an estimated €8 million.

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2009’s key moments in media industry

7. Transactions in the online media

Article comments "2009’s key moments in media industry"

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