DGAP-Adhoc 118000 AG sells GoYellow brand and operating business to GelbeSeiten publishers
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118000 AG / Key word(s): Disposal
21.10.2011 19:30
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Munich, 21 October 2011 - 118000 AG today agreed to sell the operating
business and the associated brands of its subsidiary GoYellow to Online V2
Holding GmbH & Co. KG, Hannover, and its wholly-owned subsidiary V2 Online
Betreibergesellschaft mbH. The buyers are backed by the 16 GelbeSeiten
publishers, which have held a ten-percent stake in GoYellow GmbH since
2007 and maintained a sales cooperation with GoYellow GmbH since that time.
This sales cooperation will continue until the end of 2011. The takeover of
GoYellow´s operating business will take place in January 2012. The
transac-tion has a total volume of EUR 5.5 million.
The sales is 118000 AG´s preferred result of lengthy negotiations between
the company and the publishers to secure the existence of the GoYellow.de
business portal. At the same time, the deal provides 118000 AG with
sufficient financial means to further estab-lish the 118000 connection
service and the cost saving telephone services PeterZahlt and CheapCalls in
the market.
Contact:
Anja Meyer - 118000 AG - +49 (0)89 510 895 186 -
Email: anja.meyer@118000.com
21.10.2011 DGAP´s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: 118000 AG
Landsbergerstr. 110
80339 München
Germany
Phone: +49 (0)89-510 895-186
Fax: +49 (0)89-510 895-363
E-mail: anja.meyer@118000.com
Internet: www.118000.com
ISIN: DE0006911902
WKN: 691190
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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