Joiz Germany in new hands
The German Joiz spin-off is sold to a venture capital company from the USA.
Following the demise of Swiss social TV channel Joiz, Zurich-based Joiz Holding is selling its German offshoot toSmall World Investments, a San Francisco-based venture capital firm. According to the New-business.com 80 percent of the shares. Dumont remains. Joiz Deutschland is also to be broadcast in Switzerland in the future.
The board of directors of the youth channel has filed the balance sheets of the two Swiss companies Joiz Schweiz and Joiz IP with the bankruptcy court in Zurich due to overindebtedness. 75 employees are affected by the closure (Werbewoche.ch reported).
