Mediatech completed the acquisition of a 22.18% stake in 15min Group.

Mediatech, a digital media group, completed the acquisition of a 22.18% stake in 15min Group, a Lithuanian media and digital business. Financial terms were not disclosed. "Our experience in partnership marketing shows that the more diverse the revenue sources, the easier it is to maintain high content quality standards in editorial offices, to create sustainable, independent and self-sustaining media. We appreciate the opportunity to share our experience and grow together with the ambitious "4 Bees" teams," Dainius Vanagas, Mediatech CEO.