What Axel Springer’s $343M Business Insider Buy Means

Axel Springer is in business. The massive and growing Berlin-based media company won the business-news franchise it had sought, as the sale of six-year-old Business Insider to Springer was announced this morning. The announcement came in the early morning hours, Eastern time, an unusual hour for such things. Then, again, not too many global media deals make their way out of the Central European time zone.