Schibsted buys share of

Schibsted Classified Media has acquired 50 percent of the shares in Használtautó Informatikai Kft., the company operating Hungary’s leading car classifieds online portal. The acquisition will strengthen Schibsted’s position in the online market in Hungary.

Schibsted's portfolio includes Jófogá, which was launched in 2010 and now holds Hungary's largest classifieds database.

- is Hungary’s leading automotive portal for selling new and used vehicles, and represents an important part of strengthening our ambitions in the Hungarian online classifieds market. Through closer cooperation and support from Schibsted Classified Media, we believe we can develop both and further, says Zoltán Peresztegi, Vice President of Schibsted Classified Media with responsibility for Hungary. is Hungary’s leading automotive portal with more than 80% of the country’s motor vehicles in their database. The site has 200,000 unique visitors and an average of 18 million page views a day.

Published: 11/19/2012 12:08 PM
Last updated: 11/19/2012 12:09 PM