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Sporttotal AG
M&A Activity • Sep 29, 2017
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M&A Activity
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Corporate | 29 September 2017 12:50
SPORTTOTAL AG: Sale of _wige SOUTH&BROWSE gmbh completed
DGAP-News: SPORTTOTAL AG / Key word(s): Disposal
29.09.2017 / 12:50
The issuer is solely responsible for the content of this announcement.
SPORTTOTAL AG: Sale of _wige SOUTH&BROWSE gmbh completed
Cologne, 29 September 2017. SPORTTOTAL AG (formerly _wige MEDIA AG) today completed the sale of its subsidiary _wige SOUTH&BROWSE gmbh based in Munich to All3Media Deutschland GmbH. As announced, the preliminary proceeds from the disposal amount to EUR1.1 million. Following the company’s strategic realignment, the division “Factual Entertainment” no longer forms part of the core business of SPORTTOTAL AG. SPORTTOTAL AG intends to grow in the future in the rapidly scalable digital business, in the high-margin international project business, as well as in business with live events.
About SPORTTOTAL AG:
SPORTTOTAL AG (ISIN: DE000A1EMG56), headquartered in Cologne, is a technology and media company on a growth path in the rapidly scalable digital business with video platforms and communities (DIGITAL), in the high-margin national and international project business (VENUES), as well as in the live events business (LIVE). The company, which was founded in 1979, operates a high-traffic portal with strong growth for online sport videos and live streaming. The company equips amateur football clubs with special video technology which enables sports events to be transmitted live in a high quality and fully automatically using the new “sporttotal.tv” platform. SPORTTOTAL AG’s service portfolio also comprises the technical equipping of racing circuits and sports facilities, as well as the production and marketing of sports events such as the ADAC Zurich 24-Hour Race at the Nürburgring. In addition, SPORTTOTAL AG also produces content for prestigious companies such Porsche, Audi, Mercedes/AMG, Red Bull, VW and Deutsche Post AG and organises high-calibre live events such as the Porsche Driving Experience.
More information: www.sporttotal.com
SPORTTOTAL AG
Am Coloneum 2
50829 Cologne
Germany
Tel.: +49 (0)221_7 88 77_ 0
Fax: +49 (0) 221_7 88 77_ 199
Investor Relations
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Tel.: +49 (0)177_7 21 57 60
29.09.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | SPORTTOTAL AG |
| Am Coloneum 2 | |
| 50829 Köln | |
| Germany | |
| Phone: | +49 (0)221 7 88 77 0 |
| Fax: | +49 (0)221 7 88 77 199 |
| E-mail: | [email protected] |
| Internet: | www.sporttotal.com |
| ISIN: | DE000A1EMG56 |
| WKN: | A1EMG5 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |