Deals
Soros Boosts Investment in Polish Media Market With Paper Deal
- Soros-backed company to buy 40% in popular newspaper
- Purchase counterweighs growing state presence in Polish media
George Soros
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
A company backed by George Soros’s fund signed a preliminary agreement to buy a stake in the publisher of one of Poland’s leading newspapers.
The purchase of a 40% stake in Gremi Media, which owns the Rzeczpospolita daily, will be the third deal involving the billionaire philanthropist in the Polish media market in the last five years.