April 28, 2015
By Nur Zalikha Khamis
Jakarta, Indonesia – Singapore-based media company MediaCorp and KapanLagi Network (KLN), an Indonesian digital media company, have announced that MediaCorp has invested in a 52 per cent equity stake in the KLN Group, which owns several of Indonesia’s most successful web portals including kapanlagi.com.
The two parties signed the agreement in Jakarta, cementing a strategic, long-term partnership that brings together complementary strengths of the two companies – MediaCorp’s transmedia expertise and pan-Asian reach and KLN’s digital-native mindset and market leadership in Indonesia. The partnership is also aimed at delivering fresh experiences for consumers across the region and creating innovative solutions for advertisers to embark on new approaches to reach customers and prospects.