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RTL Hungary to buy stake in web publisher

RTLGroup's Hungarian unitagreed to acquire a 30% stake in Hungarian web publisher Central Digital Mediafor an undisclosed amount, according to a Sept. 28 news release.

RTL is expecting the transaction to help boost RTL Hungary'spresence in the digital media sector, having created a digital and developmentdivision for the subsidiary in 2015.

Central Digital Media operates websites such as Nlcafe.hu,Startlap.hu, Házipatika.com, Vezess.hu and 24.hu, as well as mobile apps.

The deal is subject to approval by the Hungarian CompetitionAuthority, or GVH.