Financials / Deals


ROAM officially launched in Lagos, Nigeria

ROAM officially launched in Lagos, Nigeria

After concluding their long-awaited merger, Ringier Africa and One Africa Media formally launched the new entity, called Ringier One Africa Media, or ROAM for short, in Lagos. In attendance at the event were founders and executives of its Nigerian businesses, and other ROAM executives, together with representatives of the media, industry stakeholders and invited guests.


Viva Decora sells 29% stake for $1.8 million US

Viva Decora sells 29% stake for $1.8 million US

VivaReal, a real estate site in Brazil, which is now part of the Zap VivaReal Group, sold a stake in marketplace Viva Decora for BRL 6.2 million ($1.8 million U.S.) to Duratex (B3: DTEX3), a Brazilian company that manufactures and sells paneling and wood products for the civil construction and furniture sector. Duratex acquired 28.57 percent of Viva Decora, VivaReal’s decoration marketplace.

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