Tuesday, September 22, 2015

Business Insider In Talks To Be Purchased By Axel Springer

For almost half what Springer was offering for the Financial Times.
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.”...MORE
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