Agora acquires GoldenLine

Media holding Agora has acquired a controlling stake in Polish social networking service GoldenLine, the media reported. Agora purchased a 53 percent share in GoldenLine, as a result, it will own a stake of 89 percent. In 2011, the media group acquired 36 percent of shares in the social networking service. The value of the transaction totaled some PLN 8.5 million. Previously, Agora informed it set to invest as much as PLN 100 million this year, mainly in bus and tram shelters, as well as in the opening of four new cinemas. Agora Group is the owner of the Gazeta Wyborcza daily, Helios cinemas and 29 radio stations including TOK FM, Rock Radio and Radio Złote Przeboje.