Altus TFI to buy LifeTube
18:38
Altus TFI is buying a controlling stake in LifeTube, LifeTube announced in a press release. Details of the transaction were not disclosed.
LifeTube is a multi-channel network belonging to YouTube. It operates in the CEE region, and has over 30 million subscribers and 225 million views per month.
Altus plans to continue investing in technology companies on the Polish market. “Currently, we are looking for the best companies in the area of new technologies and media in Poland, so the investment in LifeTube was very interesting for us,” Piotr Osiecki, president of Altus TFI, said.
Altus debuted on the WSE in 2014. The value of fund assets under Altus TFI's management currently stands at around PLN 14.6 billion.
