Ringier completed the acquisition of the remaining 35% stake in Ringier Axel Springer Schweiz from Axel Springer.

Ringier, largest internationally op­erating Swiss me­dia compa­ny, produc­ing over 120 newspapers and mag­a­zines, completed the acquisition of the remaining 35% stake in Ringier Axel Springer Schweiz, a Swiss-based publishing joint venture company, from Axel Springer, a German digital publishing house. Financial terms were not disclosed. "Already today, almost 90 percent of our revenues are generated in the digital business. It is our declared goal to establish Axel Springer as a purely digital media company. Therefore, the sale of our shares in Ringier Axel Springer Schweiz is a logical step for us, whose 20 media brands are in excellent hands with Ringier. We look forward to further cooperation and digital growth for our joint venture in Poland,“ Mathias Döpfner, Axel Springer CEO.