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Axel Springer offers $40 million for Zap Group

Having already bought Yad2, the German media giant wants to acquire the Golden Pages website directory company.

Zap Group

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German media giant Axel Springer has offered to buy website directory company Zap Group (formerly Dapei Zahav – Golden Pages) for NIS 140 million (about $40 million). The bid comes one month after buying classified ads website Yad2 for NIS 800 million (about $231 million) from Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ).

The sum being offered by Axel Springer is 75% above the purchase offer made last month by FIMI Opportunity Funds (FIMI) and Sky Fund.

A shareholders meeting has been called to discuss the two offers. Zap Group has debts totaling NIS 80 million (about $23 million)

Published by Globes [online], Israel business news – – on June 9, 2014



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