DGAP-News 308 0 Kommentare _wige MEDIA AG takes over a majority stake in the sport media group

DGAP-News: _wige MEDIA AG / Key word(s): Investment
_wige MEDIA AG takes over a majority stake in the sport media group

29.04.2016 / 15:30
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

_wige MEDIA AG takes over a majority stake in the sport media group

Cologne, 29 April 2016. As announced, _wige MEDIA AG is taking over a
majority holding in Munich-based sport media group which, with
motorsport-total.com and formel1.de, is the market leader for motor sports
portals in Germany, Austria and Switzerland. As agreed in November, _wige
MEDIA AG, which already holds 16.7 %, has exercised its option to purchase
and has increased its stake to 51 % in a first step. The takeover is
expected to take effect on 30 September 2016. Over the course of the year,
_wige intends to raise its participating interest by up to 85 %.

"With _wige content and the portal's internationalisation, this investment
combines digitalisation and internationalisation, yielding high earnings
potential", stated Peter Lauterbach, CEO of _wige MEDIA AG. In order to
finance its growth, the company secured gross issuing proceeds of EUR 5
million from two capital increases. The capital increase also enables _wige
to prefinance new large-scale projects and to forge ahead with promising
social media projects.

About _wige MEDIA AG
As one of the world's leading marketing and production companies in motor
sport as well as in other areas of sport in Germany, _wige MEDIA AG
produces the Formula1 races, the DTM German Touring Car Masters, the
Handball Champions League, the ADAC Zurich 24-hour Race at the Nürburgring
and German Football League games, as well as organising events and content
for prestigious companies such as Porsche, Audi, Mercedes/AMG, Red Bull,
VW and Deutsche Post AG. In the financial year 2016,
the company anticipates revenues in a volume of at least EUR 70 million and
EBITDA of at least EUR 4 million.

Contact:

Company:
_wige MEDIA AG
Am Coloneum 2
50829 Köln
Germany
www.wige.de
Tel: +49 [0] 221_7 88 77_ 0
Fax: +49 [0] 221_7 88 77_ 199 Email: info@wige.de

Investor Relations:
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Tel.: +49 [0] 2154_ 81 22 16
Email: weitzel@kommunikation-bsk.de

---------------------------------------------------------------------------

29.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP 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: _wige MEDIA AG
Am Coloneum 2
50829 Köln
Germany
Phone: +49 (0)221 7 88 77 0
Fax: +49 (0)221 7 88 77 199
E-mail: info@wige.de
Internet: www.wige.de
ISIN: DE000A1EMG56
WKN: A1EMG5
Listed: Regulated Market in Frankfurt (General Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart

End of News DGAP News Service
---------------------------------------------------------------------------

459365 29.04.2016