TX Group, Ringier, La Mobilière and General Atlantic to form joint venture.

TX Group, a media company headquartered in Zurich, Ringier, a diversified Swiss media company, La Mobilière, an all-branch insurer that operates exclusively in Switzerland and Liechtenstein, and General Atlantic, a private equity firm, agreed to form joint venture to form a Swiss group spanning the real estate, vehicle, financial services and general marketplace sectors. Financial terms were not disclosed. "Our partnership with General Atlantic, La Mobilière and Ringier is the result of a long process. It represents a major step for all participants and demonstrates Switzerland’s positive digital outlook amongst increasing international competition. We strongly believe that this merger will strengthen our successful marketplace platforms and ensure further growth. Increasing our relevance to our users is key, and we believe the merger will immediately improve efficiency for our business customers. Together, we will also be able to expand investment in product development and increase our appeal as an employer," Pietro Supino, TX Group Chairman and Publisher.