Swiss publisher Tamedia is acquiring the majority of share in tilllate.com, the leading Swiss nightlife online platform. It bought another 51 percent, which makes 86 percent owned by the publisher in total, Press Business reported.
The other 14 percent will still belong to the founders, who will keep on supporting the platform's expansion.
Tilllate has been working with Tamedia's free paper, 20 MINUTEN, for quite some time. It is also a partner of the free magazine FRIDAY, launched in the fall last year.
According to Press Business, Tilllate Holding AG is going to focus on foreign markets after this deal.
Tamedia first purchased 20 percent of the share capital of Tilllate Schweiz AG in July 2007, and later grab another 15 percent share in May 2008.
Tilllate.com, founded in 2000, reaches about 400,000 unique clients in Switzerland during December 2008, Press Business reported.

