Axel Springer Eyes Controlling Stake in Business Insider

Posted Friday, September 18, 2015 9:13 am

Harro ten Wolde | Reuters

German publisher Axel Springer (SPRGn.DE) may want to increase its current 7 percent stake in U.S. news website Business Insider, German Manager Magazin reported on Thursday.

Citing unnamed financial sources, the magazine said the publisher of Europe's biggest daily newspaper, Bild, was willing to pay around 500 million euros for a controlling stake, without elaborating.

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Axel Springer Eyes Controlling Stake in Business Insider

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