Brief: Triboo Media buys 50 pct stake in TMW Network Srl
29/01/2016 11:49
Jan 29 (Reuters) - Triboo Media SpA TBMA.MI :
* Said on Thursday it signed an agreement with TC & C Srl
(TuttoMercatoWeb) to acquire a 50 percent stake in TMW Network
Srl through which the company purchased the editorial assets
TuttoJuve.com and TuttoB.com owned Michri Communication Srl
* This transaction was made in preparation for the creation
of a joint venture with the publisher of TuttoMercatoWeb and to
provide it with the funds required for the acquisition of the
publishing assets identified
* Subscribed a 150,000 euro capital increase in TMW Network
Srl, corresponding to 50 percent of share capital
Source text for Eikon: urn:newsml:reuters.com:*:nBIA28308
Further company coverage: TBMA.MI
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