SPORTTOTAL AG: Sale of _wige SOUTH&BROWSE gmbh completed
September 29, 2017 at 06:55 am EDT
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DGAP-News: SPORTTOTAL AG / Key word(s): Disposal
SPORTTOTAL AG: Sale of _wige SOUTH&BROWSE gmbh completed
29.09.2017 / 12:50
The issuer is solely responsible for the content of this announcement.
SPORTTOTAL AG: Sale of _wige SOUTH&BROWSE gmbh completed
Cologne, 29 September 2017. SPORTTOTAL AG (formerly _wige MEDIA AG) today completed the sale of its subsidiary _wige SOUTH&BROWSE gmbh based in Munich to All3Media Deutschland GmbH. As announced, the preliminary proceeds from the disposal amount to EUR1.1 million. Following the company's strategic realignment, the division "Factual Entertainment" no longer forms part of the core business of SPORTTOTAL AG. SPORTTOTAL AG intends to grow in the future in the rapidly scalable digital business, in the high-margin international project business, as well as in business with live events.
About SPORTTOTAL AG:
SPORTTOTAL AG (ISIN: DE000A1EMG56), headquartered in Cologne, is a technology and media company on a growth path in the rapidly scalable digital business with video platforms and communities (DIGITAL), in the high-margin national and international project business (VENUES), as well as in the live events business (LIVE). The company, which was founded in 1979, operates a high-traffic portal with strong growth for online sport videos and live streaming. The company equips amateur football clubs with special video technology which enables sports events to be transmitted live in a high quality and fully automatically using the new "sporttotal.tv" platform. SPORTTOTAL AG's service portfolio also comprises the technical equipping of racing circuits and sports facilities, as well as the production and marketing of sports events such as the ADAC Zurich 24-Hour Race at the Nürburgring. In addition, SPORTTOTAL AG also produces content for prestigious companies such Porsche, Audi, Mercedes/AMG, Red Bull, VW and Deutsche Post AG and organises high-calibre live events such as the Porsche Driving Experience.
More information: www.sporttotal.com
29.09.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
SPORTTOTAL AG
Am Coloneum 2
50829 Köln
Germany
Phone:
+49 (0)221 7 88 77 0
Fax:
+49 (0)221 7 88 77 199
E-mail:
info@sporttotal.com
Internet:
www.sporttotal.com
ISIN:
DE000A1EMG56
WKN:
A1EMG5
Listed:
Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange
Sporttotal AG, formerly known as _wige Media AG, is a Germany-based technology and media company engaged in the sports and entertainment media sectors. The Companyâs products include outside television broadcast, rental and racing services, television, and film production, editorial, graphic and result services, high-end technology, live events, and television marketing. The Company operates in three business segments. Its three business areas include DIGITAL, VENUES and LIVE. Digital segment covers linear Television (TV) channels for online sports videos and live streaming. Venues segment covers international business projects like race control technologies, camera systems, communication systems including the associated online connection and networking as well as project-specific software developments. Live segment covers the conception, planning, organization, and implementation are of events with an experiential character, especially in the areas of trade fairs, sports and music.
SPORTTOTAL AG 
