Magyar Telekom sells origo.hu
Magyar Telekom sold its widely read news portal origo.hu to New Wave Media Kft, owner of online daily vs.hu, Magyar Telekom CEO Christopher Mattheisen announced today.
A screen grab of the story on origo.hu today.
The online daily was sold for €13.2 million, approximately HUF 4.2 mln, with the transaction to be closed in the first half of next year, origo.hu reported.
Mattheisen said he was sure that Hungary’s competition office GVH will greenlight the purchase. The CEO said he was sad to sell origo.hu, but added that Magyar Telekom is going through some reorganization, and they will be focusing on the core operations of the company.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.