Persgroep buys VNU Media

Flemish media concern De Persgroep is buying VNU Media, owners of job vacancies sites Nationale Vacturebank and Intermediair and technology site Tweakers.

De Persgroep, which owns the Parool, Trouw, Algemene Dagblad and the Volkskrant newspapers and music station Q-music, says it wants to strengthen its grip on the Belgian and Dutch job vacancies market.
‘In addition, we will own one of the fastest growing and influential sites in the IT and consumer electronics market,’ De Persgroep CEO Christian Van Thillo told the NRC.
The takeover was expected because VNU Media has been running down its business by selling off various divisions for some time. In 2007 it was sold to a private equity firm.
No price was given for the sale, but sources say VNU Media has an annual turnover of around €40m and a maximum yearly profit of €3m.

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