Pestalozzi advises Ringier on the acquisition of jobs.ch and its respective CHF 500 million joint venture with Tamedia and related transactions, including the merger with jobup.ch
The media company Ringier and the Tamedia media group plan to takeover jobs.ch Holding AG. The Swiss company jobs.ch Holding AG owns jobs.ch and topjobs.ch, the leading online platforms in the Swiss job market. Ringier and Tamedia will hold each 50% of jobs.ch Holding AG's share capital and plan to further develop the company's job search platform in the international context. Tamedia will bring its online job search subsidiary Jobup AG into the partnership. Jobup AG operates one of the leading job search portals in French-speaking Switzerland, jobup.ch, as well as the job search platforms jobwinner.ch and alpha.ch.
The enterprise value of relevance for the sale comprising 100 per cent of the share capital of jobs.ch Holding AG, amounts to CHF 390 million. Jobup AG to be brought into the partnership by Tamedia is valued at CHF 120 million. The takeover is subject to the approval of the Swiss Competition Commission and of the Austrian Competition Authority. Pestalozzi advised Ringier in respect of all legal aspects of the takeover.