Ringier and Sportradar to form a joint venture.

Ringier, a media and technology company, and Sportradar, a global sports technology company, agreed to form a joint venture, a provider of media services. Ringier will be the majority owner of the joint venture. Financial terms were not disclosed. "Digital sports media is increasingly the place where sports enthusiasts & experts as well as advertisers meet. Ringier is highly committed to further invest into this attractive sports media segment and wants to become a top player globally. We feel honored that Sportradar, a company at the highest level of integrity, agreed to form a long-term strong partnership with us and develop new sports information and entertainment offerings in Africa," Marc Walder, Ringier CEO.