Mathias Döpfner is hunting for “new gold” in media. It is harder than he expected.
The 62-year-old chief executive of Business Insider and POLITICO parent Axel Springer says he has M&A staffers at work in New York and Berlin and money to spend.
“We are ready to move,” he said recently in an interview at the German media company’s lower Manhattan office. The company has looked at about a dozen businesses in the U.S. including TED Conferences, the company behind the popular TED Talks series, and considered buying a podcast network, people familiar with the matter said. It has explored another dozen properties globally.
Döpfner said he is focused on buying new digital media properties, but there are few appealing businesses up for sale, making new acquisitions elusive.
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