Țuca Zbârcea & Asociații acts for Ringier Group in high-profile media deal

Ringier Sportal, a joint venture of Ringier Romania and Bulgaria's Sportal Media Group agreed to buy Romanian sports brand Gazeta Sporturilor and its online platform – www.gsp.ro. Gazeta Sporturilor is the country’s main sports newspaper founded in 1924. www.gsp.ro is the leader in digital sports news with more than 3.5 million unique viewers per month.

Țuca Zbârcea & Asociații advised on the M&A and corporate implications of the deal up to the signing under a team led by Partner Dragos Apostol.

The transaction is subject to regulatory approvals.

Founded in 1992, Ringier Romania is the biggest digital publishing group in Romania and a key player on the local media market.

(According to the information provided by https://seenews.com/news/ringier-sportal-to-buy-romanian-newspaper-gazeta-sporturilor-website-gspro-618747|)