The sale of Kim Oanna’s real estate company has reportedly closed with Paddies Power.
Kim Oanna, owner of Paddypower.com, is a member of the Oanna Family.
The transaction is believed to be the final move for Oanna and her family.
In a statement, PaddyPower.com said the company is no longer taking a position on the sale.
“PaddyPower has signed a definitive letter of intent to acquire the assets of Kim’s company, Paddys Media.
This letter of intention was signed on December 7, 2017.
As the terms of the transaction have not been finalised, we are unable to provide further comment,” PaddyPress said in a statement.
Oanna’s son, Nick Oanna Sr, who is also an Oanna family member, is the chairman of the Paddymedia Group, a subsidiary of PaddyPower.
The group also owns the website The Oanna Report.
According to the statement, the sale of the assets is subject to regulatory approvals and is expected to close in the first quarter of 2019.
The sale of Pads assets is the latest in a series of business moves for Oana, who in 2017 was named Forbes’ Most Powerful Women in Media.
She also recently took over the management of the International Women’s Day event, which has become one of the most popular gatherings of women in the world.
This is the second time in less than a year that Oana has stepped down as the Oana family’s CEO.
Last year, Oana and her team left the company after an 18-month hiatus.
During that time, Oanna announced that she would be launching a new venture called the Oanesys Entrepreneurial Fund.
That fund is expected not to have a direct role in the family business, but instead focus on other ventures.
On Tuesday, Oannas son, Matt Oanna Jr, who was previously the company’s COO, became CEO.