Freenet AG Secures Full Ownership of waipu.tv

freenet AG has announced the complete acquisition of Exaring AG, the parent company of waipu.tv, by purchasing all remaining minority shares, thus gaining full ownership. The acquisition cost freenet approximately EUR 76 million, based on a company valuation of EUR 300 million. Additional payments, up to EUR 50 million, could be triggered by future performance.

This strategic move is supported by freenet's cash reserves, maintaining its financial flexibility and dividend prospects. IPTV, part of freenet's long-term strategy alongside its mobile communications business, represents a vital growth area. With this acquisition, freenet strengthens its position in the growing German IPTV market.

waipu.tv currently holds a market share of roughly 20% to 25% and serves around 2 million customers, underlining its market leadership and future growth potential.