Tamedia increases its share in tilllate Schweiz

Press Release  

Zurich, 19 May 2008 - The Tamedia publishing house has increased its share in the leading Swiss nightlife-platform tilllate.com by 15 percent to 35 percent. Due to the successful collaboration, both partners agreed to further intensify the cooperation and increase Tamedia's share in tilllate Schweiz AG more rapidly than originally planned.

The premature accumulation of capital permits the tilllate Holding AG, to accelerate expansions planned in Switzerland as well as abroad. The increase of the Tamedia share by a further 14 to 49 percent will follow, as planned, at the beginning of 2010. The parties agreed on silence concerning the details. 

The platform tilllate.com was founded in 2000 and reaches 459,000 Unique Clients (Wemf NET-Audit April 2008) today in Switzerland, with 200,000 users registered at the portal. Tamedia took over 20 percent of the tilllate Schweiz AG capital share per 1 July 2007. The tilllate Schweiz AG occupies around 35 employees and, in addition, week after week around 350 photographers are in action.