Borzestowski tries again to assume control over WP

Nine years before he was one of the founders of the portal. The several year long conflict between the shareholders eventually exacerbated the company's financial difficulties and resulted in WP's bankruptcy. Borzestowski decided to join Portal Wykup Menedżerski (PWM), which is attempting to take control over WP. The company is 80% owned by the publicly listed MCI Management fund. The rest of shares went to Borzestwoski, who on December 2 became PWM's president. PWN has offered zł.36 million for the WP portal. Another offer, but only of zł.6 million has come from a company related to WP minority shareholders. The earliest a transaction will be possible is in Q1 2005. (Parkiet,p. 5) A.F