Axel Springer SE and FUNKE MEDIENGRUPPE: Transaction completed following approval from the Federal Cartel Office / Titles sold change ownership from 1 May 2014




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30.04.14

Axel Springer SE and FUNKE MEDIENGRUPPE: Transaction completed following approval from the Federal Cartel Office / Titles sold change ownership from 1 May 2014

To press release overview

The approval granted on 29 April 2014 by the Federal Cartel Office for the transfer of program guides from Axel Springer SE to FUNKE MEDIENGRUPPE (FMG) means that all the prerequisites for the completion of the entire transaction have now been met.

The Federal Cartel Office agreed to the purchase of the regional newspapers and women's magazines by FMG in December 2013. Now that all the conditions for implementing the transaction have been fulfilled, BERLINER MORGENPOST, HAMBURGER ABENDBLATT, BILD der FRAU, FRAU von HEUTE, HÖRZU and TV DIGITAL, as well as all activities directly associated with these titles, come under the ownership of FMG from 1 May 2014.

Due to the regulatory requirements imposed by the Federal Cartel Office, the TV NEU, FUNKUHR and BILDWOCHE program guides formerly owned by Axel Springer, along with FMG titles Die Zwei, Super TV, TV 4 Wochen, TV 4x7 and TV piccolino, were sold to Klambt Mediengruppe.

Axel Springer and FMG will be working together from 1 May 2014 in the fields of Marketing and Distribution based on service agreements. The creation of joint ventures in these areas is subject to approval by the relevant authorities under merger control and antitrust law, which will shortly be applied for.

In July 2013, FMG entered into an agreement with Axel Springer SE to take over its regional newspapers, along with the program guides and women's magazines. An additional agreement was made to create a joint venture for marketing and distribution.

Press contacts:

Axel Springer SE
Tobias Fröhlich
Deputy Corporate Spokesperson
Tel: +49 30 25 91-7 76 20
tobias.froehlich@axelspringer.de

FUNKE MEDIENGRUPPE GmbH & Co. KGaA
Dr. Tobias Korenke
Head of Corporate Communications
Tel: +49 201 804-68 86
presse@funkemedien.de