Ringier Axel Springer Media buys control of Poland’s biggest portal

04 Jun 2012
By Christo Volschenk Ringier Axel Springer Media, the joint-venture of Swiss media group Ringier and German media group Axel Springer operating in Eastern Europe, acquired 75 percent of Onet.pl, Poland's biggest news, entertainment and e-commerce portal, from Polish media company TVN S.A. for €217 million ($282 million U.S.), the company said in a statement today (

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Christo Volschenk

Christo Volschenk is managing editor of the news on Aimgroup.com and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.