DGAP-Adhoc: Axel Springer AG: Axel Springer to Acquire Minority Stake in Turkish TV Company




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16.11.06

DGAP-Adhoc: Axel Springer AG: Axel Springer to Acquire Minority Stake in Turkish TV Company

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Axel Springer AG / Miscellaneous

30.06.2008

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Axel Springer to Acquire Minority Stake in Turkish TV Company

Today, Axel Springer has entered into a purchase agreement with Dogan
Yayin Holding A.S., the leading Turkish media group, regarding
the acquisition of a 25% stake in Dogan TV Radyo Yayin Yapim
ve Haber Ajansi A.S (Dogan TV). Dogan TV is one of the biggest
television and broadcasting companies in Turkey, in which all broadcasting
activities of Dogan Yayin Holding A.S. are bundled. The
purchase price for such 25% stake initially amounts to EUR 375 million.
The transaction is subject to customary conditions, in particular clearance
by legal and regulatory authorities and completion of satisfactory due
diligence by Axel Springer. The purchase price may be subject to
adjustments until December 31, 2014, depending on the future value of Dogan
TV. Two out of seven members of Dogan TV's board of directors will be
nominated by Axel Springer.

Berlin, November 16, 2006

Axel Springer AG
Axel-Springer-Str. 65
D-10888 Berlin
ISIN: DE0005501357; DE0005754238
WKN: 550 135; 575 423





30.06.2008 Financial News transmitted by DGAP

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Language: English
Issuer: Axel Springer AG
Axel-Springer-Straße 65
10888 Berlin
Deutschland
Phone: +49 (0)30 2591-77421
Fax: +49 (0)30 2591-77422
E-mail: ir@axelspringer.de
Internet: www.axelspringer.de
ISIN: DE0005501357, DE0005754238
WKN: 550135, 575423
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart

End of News DGAP News-Service

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Investor contact: Claudia Thomé
Tel: +49 30 2591 77421