<article>Singaporean media conglomerate <a style="color: #000080;" href="http://www.mediacorp.sg/en" target="_blank">MediaCorp</a> and <a style="color: #000080;" href="http://company.kapanlagi.com/redaksi/" target="_blank">KapanLagi Network (KLN)</a>, an Indonesian digital media company, have formed a strategic partnership.</article>

Singaporean media conglomerate <a style="color: #000080;" href="http://www.mediacorp.sg/en" target="_blank">MediaCorp</a> and <a style="color: #000080;" href="http://company.kapanlagi.com/redaksi/" target="_blank">KapanLagi Network (KLN)</a>, an Indonesian digital media company, have formed a strategic partnership.
MediaCorp has acquired a 52 per cent equity stake in the KLN Group, which owns several Indonesian web portals, including kapanlagi.com.
Following MediaCorp’s investment, KLN’s management and operations will remain unchanged.
Ratified in Jakarta on 24 April 2015, Friday, the two firms have cemented a strategic, long-term partnership that melds the complementary strengths of both companies, such as MediaCorp’s trans-media expertise, pan-Asian reach and KLN’s digital-native mindset, market leadership in Indonesia.
Steve Christian, KLN CEO,said, &#8220;I am tremendously excited by this breakthrough in KLN’s journey to become a leading digital media company in the region. [&#8230;] In MediaCorp, we have a partner with powerful content and platform capabilities and a commitment to continually innovate for its customers and audiences.”
MediaCorp has a diverse portfolio covering incorporating print, live entertainment, out-of-home and digital businesses, with an array of digital properties. It has recently reorganised its products and platforms along customer lines such as family, youth, men, women and foodies.
Digital media research firm eMarketer has <a style="color: #000080;" href="http://www.emarketer.com/Article/APAC-Digital-Ad-Spending-Jump-Over-30-This-Year/1011693" target="_blank">forecasted that APAC digital advertisement expenditures to grow by about 30 per cent in 2015</a>. Indonesia is driving growth, by virtue of having the third-largest Facebook mobile phone audience after the US and India, with about 33 million active daily users. There are more tweets sent from the city of Jakarta than anywhere else on Earth.
<a href="https://sg.linkedin.com/in/shaunseow" target="_blank">Shaun Seow</a>, MediaCorp CEO, stated: “Indonesia has a rapidly growing cohort of digital users and the opportunities for KLN are tremendous. I&#8217;m most impressed by how the company has pushed the envelope in content and delivery, and grown the business exponentially. Embracing a successful digital native business will accelerate MediaCorp’s transformation in the digital revolution. The deal also presents great synergies, riding on flourishing people and business ties between Singapore and Indonesia.&#8221;
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<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/mediacorp-rumoured-seeking-acquisition-kln-3442/">MediaCorp rumoured to be seeking acquisition of KLN</a>

MediaCorp has acquired 52% of KLN, in addition to forming a strategic partnership leveraging on KLN's extensive digital expertise and infrastructure

Singapore's MediaCorp acquires a strategic 52% stake in Indonesia's KLN

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Singapore's MediaCorp acquires a strategic 52% stake in Indonesia's KLN

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