From the New York Post:
Business Insider in talks for $560M sale to Axel Springer
Henry Blodget’s Business Insider is in talks to be acquired by German publisher Axel Springer for roughly $560 million, according to a report.
Axel Springer already owns a minority stake in the business news site after participating in a January fundraising round that raised $25 million, Recode reported on Tuesday.
Business Insider has raised $57 million since 2007 and was valued at around $200 million after the most recent fundraising round, according to Recode reporter Peter Kafka, who said he is also a shareholder in Business Insider.
Last week, German Manager Magazin reported that Axel Springer was interested in buying a controlling stake in Business Insider. Recode said the publisher wants to acquire the entire company and could close a deal “within weeks.”...MOREPreviously:
Venture Capital: "Investors Think Business Insider Doubled Its Value in Less Than a Year"
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