TMG takes note of Talpa’s announcement to not pursue their offer
Telegraaf Media Groep N.V. (“TMG”) has taken note of the press release published by Talpa Holding N.V. (“Talpa”) yesterday evening. Talpa has announced it will not declare the offer on TMG unconditional (“gestand doen”) and will discontinue its attempt to acquire TMG as a whole.
Mediahuis has owned the majority (64.66%) of TMG shares since 2 July. Consequently, the condition that at least 50% of the shares had to be acquired, could not be fulfilled. Talpa has now indicated to hold a stake of 29.16% in TMG and to stay involved as an active minority shareholder, pursuing open and constructive communications with TMG and Mediahuis.
TMG is pleased with the peace and clarity this brings, which will allow the company to fully focus on the future. Together with Mediahuis, it will continue to build a media company with a solid market position, high quality editorial boards and strong TMG brands.
TMG is one of the largest media companies in the Netherlands, with strong brands such as De Telegraaf, DFT, Telesport, Metro, Autovisie, Privé and VROUW; online videoplatform Telegraaf VNDG; regional dailies such as Noordhollands Dagblad and De Gooi- en Eemlander; digital brands such as GeenStijl, Dumpert and Gaspedaal; Classic FM and – through a strategic collaboration with Talpa – national radio stations Sky Radio, Radio Veronica, Radio 538 and Radio 10. TMG also has other brands and titles that focus on providing entertainment or e-commerce (e.g., GroupDeal). Through Keesing Media Group, TMG is market leader in Europe in the field of puzzle magazines. TMG’s mission is to provide consumers with high quality, personalised and relevant news, sports and entertainment 24 hours a day, 7 days a week, via all available forms of distribution. For more information about TMG, please go to www.tmg.nl.