Czech Web Portal Merger

Czech web portals and will merge under Czech Internet firm NetCentrum, which is majority-owned by US private equity group Warburg Pincus, NetCentrum said in a release confirming recent media reports.

In December, Warburg Pincus acquired NetCentrum, which runs, the country's second-largest portal, while media have recently reported that the US group was negotiating to buy from its majority owner Epic Holding.

Financial details of deal were not released.