SUBSCRIBERS
Axel Springer paying US$343m for 88% of Business Insider
Published Tue, Sep 29, 2015 · 09:50 PM
London
GERMAN media company Axel Springer SE agreed to take over Business Insider Inc in a US$343 million deal, accelerating its push into English-language news after losing out a bidding contest for the Financial Times two months ago.
Axel Springer said on Tuesday it is purchasing 88 per cent of the news site, boosting its stake to about 97 per cent. Amazon.com Inc founder Jeff Bezos will own the remaining 3 per cent of the …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Overcrowded Venice introduces first payment charge for tourists
South Korea readies new system to detect illegal short-selling
US births retreat after pandemic-era growth
Markets are embracing India’s Modi for what he won’t do
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah