ad pepper media International N.V. increases stake in SocialTyze LLC by a further 10 percentBack to overview
Nuremberg, Amsterdam, April 18, 2011 – ad pepper media International N.V. announced today that it has increased its stake in SocialTyze LLC, Los Angeles, a leading provider of social media solutions in the United States, by acquiring a further 10 percent of the shares. The purchase price amounts to USD 1.25 million. ad pepper media now holds 20 percent of the shares in SocialTyze LLC with the rest still in the hands of the company’s founding shareholder.
Consequently, ad pepper media will apply the equity method when including its associate SocialTyze in its consolidated financial statements in the future. SocialTyze`s net profit for 2010 amounted to a low single digit million USD.
For further information:
Jens Körner (CFO)
ad pepper media International N.V.
Phone: +49 (0) 911 929057-0
Fax: +49 (0) 911 929057-157