Tuca Zbarcea & Asociatii has advised Ringier Sportal, a joint venture of Ringier Romania and Bulgaria's Sportal Media Group, on the acquisition of Romanian sports brand Gazeta Sporturilor and its online platform, www.gsp.ro.
Ringier Romania, which was founded in 1992, is a digital publishing group in Romania and a key player on the local media market. According to Tuca Zbarcea & Asociatii, “Gazeta Sporturilor is the country’s main sports newspaper, founded in 1924, while www.gsp.ro is the leader in digital sports news with more than 3.5 million unique viewers per month.”
The transaction remains subject to regulatory approvals.
Tuca Zbarcea & Asociatii reported that the firm was unaware of the identity of sellers' counsel.