Econet buys online IT, telco portal
Listed Hungarian media-ISP firm econet.hu, bought 100% of Pro Future Informatikai Beruházó és Fejlesztő Kft, operator of the www.jox.hu website, econet announced on the website of the Budapest Stock Exchange (BSE).
The buyer is econet.hu's subsidiary, Magyar Vendor Informatikai Szolgáltató Kft that made the deal on December 7 “at a purchase price considerably below the threshold of substantiality”.
Pro Future Kft is the proprietor of www.jox.hu domain, the jox.hu magazine available there, all related software applications, know-how, documentation, client data base, archives and services.
jox.hu, a site primarily covering IT and telecommunication issues, has already been in econet.hu's media portfolio and its advertisement spaces have been sold by Magyar Vendor for a share of the revenues. Following the transaction, the entire revenue will stay within the econet.hu group.
jox.hu, which was launched in August 2004, has 30,000 registered users and some 3,000 unique users a day, according to Webaudit numbers. (BSE)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
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.