MaXposure Media Group buys back stake from Gruner and Jahr
The Johari Family, which started MaXposure in 2006, sold 78.75 per cent stake to Gruner + Jahr in 2011. The remaining 21.25 per cent was held by MaXposure’s co-founder, Prakash Johari.
“The Johari Family has bought back the business of MaXposure Media Group from Gruner + Jahr (the publishing division of European media conglomerate Bertelsmann) for an undisclosed amount,” the company said in a statement.
Sources said the deal is worth €5.25m (approx. Rs 40 crore).
After the acquisition, MaXposure Media Group will solely be owned by the Johari family
Read the rest of this story at The Economic Times.
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