United Internet AG

M&A Activity • Oct 2, 2013

News Details

Corporate | 2 October 2013 09:35

United Internet increases its stake in Sedo to 96.05% and plans squeeze-out

United Internet AG / Key word(s): Investment

02.10.2013 / 09:35

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United Internet increases its stake in Sedo to 96.05% and plans squeeze-out

Montabaur, October 2, 2013. United Internet today acquired the 4,461,379 shares in Sedo Holding AG, Cologne, held by Sedo’s founders and raised its stake in the company to 96.05%. The shares in Sedo Holding AG were acquired by United Internet Ventures AG at a price of EUR 2.60 per share. United Internet aims to integrate the Affiliate Marketing and Domain Marketing business fields operated by Sedo Holding AG more closely into the strategic development of the United Internet Group. Against this backdrop, United Internet Ventures AG will initiate a squeeze-out process at Sedo Holding AG over the coming weeks in line with Secs. 327a ff. of German Stock Corporation Law (AktG).

About United Internet

With 12.70 million fee-based customer contracts and 31.03 million ad-financed free accounts, United Internet AG is Europe’s leading internet specialist. At the heart of United Internet is a high-performance ‘Internet Factory’ with 6,490 employees, of which more than 1,850 are engaged in product management, development and data centers. In addition to the high sales strength of its established brands (1&1, GMX, WEB.DE, united-domains, Fasthosts, InterNetX, Sedo and affilinet), United Internet stands for outstanding operational excellence with around 44 million customer accounts worldwide.

Contact

Marcus Schaps

Head of Press and Public Relations

United Internet AG

Elgendorfer Strasse 57

56410 Montabaur

Germany

Tel: +49 2602/96-1076

Fax: +49 2602/96-1013

E-mail: mschaps@united-internet.de

Internet: www.united-internet.de

End of Corporate News

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Language:	English
Company:	United Internet AG
	Elgendorfer Straße 57
	56410 Montabaur
	Germany
Phone:	+49 (0)2602 / 96 – 1100
Fax:	+49 (0)2602 / 96 – 1013
E-mail:	info@united-internet.de
Internet:	www.united-internet.de
ISIN:	DE0005089031
WKN:	508903
Indices:	TecDAX
Listed:	Regulierter Markt in Berlin, Frankfurt (Prime Standard); Freiverkehr in Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of News	DGAP News-Service

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