/ 31 January 2001

JOHNNIC, SAIL SNAP UP TICKETWEB

JOHNNIC e-Ventures, the Johnnic group’s online division, and SAIL, South Africa’s largest sports brand investor, have snapped up troubled Internet-based ticketing and box office services provider TicketWeb. The deal, which is subject to Competitions Commission approval, will see JeV and SAIL each acquire 42.5% of TicketWeb from African Media Entertainment Limited (AME), the listed media and entertainment company, which is management says is undergoing a restructuring, but is understood to be battling to stay afloat.