Financial advisory to Wirtualna Polska Group on acquisition of Audioteka 29 September 2022
FIDEA acted as an exclusive financial advisor to Wirtualna Polska Group on acquisition of Audioteka, one of the most recognizable and largest audiobook platform operating in Poland, Germany, the Czech Republic and Lithuania.
Wirtualna Polska is a tech holding with business activities include e-commerce, media and advertising.
Audioteka is the leader of the Polish audiobook market, offering over 20,000 titles to its customers, both under a subscription model (Audioteka Club) and through retail sales (Audioteka Store).
Audioteka is a superbly managed product in the rapidly growing category of audio services. Through this acquisition, we will diversify Wirtualna Polska Media’s revenues by adding yet another, in addition to WP Pilot, subscription service, which currently has 200,000 users. The deal follows another recent transaction, reflecting our commitment to boosting WP’s presence on foreign markets.– says Jacek Świderski, CEO of Wirtualna Polska Holding S.A.