Tuesday, 12. June 2012
Antitrust authorities approve acquisition of COSMOPOLITAN, JOY and SHAPE
Zug/Munich/Hamburg, 12 June 2012 – There is nothing more in the way of the Bauer Media Group taking over the magazines COSMOPOLITAN, JOY and SHAPE. The antitrust authorities have approved the merger plans as anticipated.
The transaction encompasses 100 per cent of the German Premium Magazines AG, located in Zug, Switzerland, and 100 per cent of the Munich-based MVG Medien Verlagsgesellschaft mbh&Co.
In the words of Waltraut von Mengden, Managing Director of MVG Medien, "We are extremely pleased about this merger with the Bauer Media Group. Our common goal is to continue the success stories of COSMOPOLITAN, SHAPE and JOY with a strong partner at our side."
Andreas Schoo, CEO of the Bauer Media Group, adds, "With this strategically important acquisition, we add strong premium brands with great potential for development to our portfolio."
Bauer Media Group
Phone: +49 (0)40/3019-1028
MVG Medien Verlagsgesellschaft mbH & Co.
Phone: +49 (0) 89/9234-308