Pestalozzi advises Ringier on its joint venture and related transactions with Axel Springer
The two media groups Ringier and Axel Springer create a further joint-venture in which each will hold an equal stake. Ringier will contribute all its magazine publications in German-speaking and French-speaking Switzerland, along with their online offerings and Le Temps, the quality daily newspaper published in French-speaking Switzerland, and Axel Springer Switzerland will contribute all of its Swiss business to the new company. The following titles will be among others encompassed within the portfolio of the planned new joint venture. For Ringier: Schweizer Illustrierte, SI Style, Gault&Millau, GlücksPost, Schweizer LandLiebe, Bolero, BoleroMen, TVtäglich (share Ringier), L’illustré, L’Hebdo, TV8, Le Temps. For Axel Springer: Beobachter, Tele, TVStar, TV vier, TV2, Handelszeitung, Bilanz, PME Magazine, Fachzeitschriften (Schweizer Bank, Schweizer Versicherung), Wirtschaftsnetz Online, Amiado Group (Students.ch, Usgang.ch, Partyguide.ch). Pestalozzi advised Ringier on all legal aspects of the transaction.