Under the new law, foreign investment in Russian media is limited to 20 percent. Source: Vladimir Vyatkin / RIA Novosti
Russia's Artcom Media has acquired the Russian media assets of Alex Springer.
Artcom Media, part of the ACMG media group, announced the acquisition of Axel Springer Russia in a statement received by Interfax on Sept.17.
It specifies that the company's portfolio includes Forbes, OKEY!, GEO and others.
The statement does not disclose financial details of the deal.
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