SPORTTOTAL AG today completed the sale of its subsidiary _wige SOUTH&BROWSE gmbh based in Munich. All3Media Deutschland GmbH will be the new owner.
CN: Sale of South&Browse 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 €1.1 million. Following the company’s strategic realignment, the division “Factual Entertainment” no longer forms part of the core business of SPORTTOTAL AG. In future, SPORTTOTAL AG intends to grow more into the rapidly scalable digital business, the high-margin international project business, as well as into business with live events and sports. Especially sporttotal.tv represents the change.