--Tomorrow Focus plans further buys in 2011,2012

Internet Business News
02-11-2011
--Tomorrow Focus plans further buys in 2011,2012

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

11 February 2011 - After spending about EUR2m this week to increase stakes in web portals, German online media group Tomorrow Focus plans further acquisitions in the next two years.
CEO Stefan Winners and CFO Dirk Schmelzer target Internet sites valued between EUR5m and EUR50m.

Earlier this week Tomorrow Focus bought the remaining 49% in online portal operator Jameda GmbH for EUR0.9m and purchased 40% in Internet portal Finanzen100 GmbH for EUR1m, thus becoming its sole owner.

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(Copyright M2 Communications, 2011)