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Company Statement: Axel Springer and Ringier to bundle their activities in Eastern Europe

( March 23, 2010, 10:00 GMT | Official Statement) -- MLex Summary: German media company Axel Springer and Swiss rival Ringier have announced that they will bundle their international activities in Eastern Europe through the creation of a 50:50 joint venture based in Zurich. The deal is subject to the approval of relevant competition authorities. The full statement follows:...

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