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GEDI Brings Its Stake in Huffington Post Italia to 100% and Consolidates Its Presence in the National Digital News Market

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GEDI Brings Its Stake in Huffington Post Italia to 100% and Consolidates Its Presence in the National Digital News Market PRESS RELEASE GEDI brings its stake in Huffington Post Italia to 100% and consolidates its presence in the national digital news market Turin, 3 June 2021. GEDI Gruppo Editoriale has reached a preliminary agreement with The Huffington Post LLC to take up the entire share capital of Huffington Post Italia. Founded as a joint venture in 2012 with the Huffington global editorial group, Huffington Post Italia has grown to become one of the most well-known and appreciated national online information brands. It produces and distributes original articles, commentary and analyses on a daily basis, on national and international news, with a special focus on politics, economics and social issues. In addition to the huffingtonpost.it domain, the brand manages a host of social accounts followed by over 2 million followers. Based on the agreements, GEDI will take up 51% of the share capital in the joint venture that has been held by The Huffington Post LLC (BuzzFeed Group) up to now, to bring its stake in the company to 100%. GEDI will guarantee editorial continuity through an exclusive licence for Italy of the The Huffington Post brand and its appointee concessionaire A. Manzoni & C. will manage its advertising revenue. GEDI Chief Executive Officer, Maurizio Scanavino commented: “this operation completes the successful undertaking that began 9 years ago, and which has built up a name of primary importance in the Italian information context. Under the leadership of Mattia Feltri and using the technology platform that GEDI is developing for all its brands, the publication can now develop its own potential to offer an innovative, original and appealing product." Mattia Feltri, Editor in Chief of Huffington Post Italia, commented: "this is extraordinary news for HuffPost: becoming one hundred percent part of Gedi Gruppo Editoriale will allow us to imagine and plan a future, where independently and in our specific manner, we can finally become fully synched and enjoy synergies with the other publications, adhering to the business plans that are indispensable for innovating and creating information in step with the times and market”. The transaction is subject to the customary regulatory approval, and is expected to be finalised by the end of the third quarter of the year. GEDI Gruppo Editoriale S.p.A. Share Capital € 76,303,571.85 fully paid-up Via Ernesto Lugaro no. 15 - 10126 TORINO, Italy VAT no. 00906801006 Tel. +39 06/84781 Fax. +39 06 84787371 Tax ID 00488680588 www.gedispa.it GEDI GEDI Gruppo Editoriale is the leading daily news group in Italy, in both the paper and digital formats, with publications including La Repubblica, La Stampa, ten local newspapers, l’Espresso and other periodicals. GEDI is also one of the primary national radio hubs, with the top-level brand Radio Deejay, as well as Radio Capital and m2o. GEDI operates further in the multi-platform advertising segment, through the concessionaire A. Manzoni & C. Spa. Contacts: Telephone: +39.011.6568318; Email: [email protected] GEDI Gruppo Editoriale S.p.A. Share Capital € 76,303,571.85 fully paid-up Via Ernesto Lugaro no. 15 - 10126 TORINO, Italy VAT no. 00906801006 Tel. +39 06/84781 Fax. +39 06 84787371 Tax ID 00488680588 www.gedispa.it .
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