Superb online publications in bulk and pieces: German publisher Bench Insider buys for $560 million
Axel Springer, which publishes about 150 different newspapers and magazines in 32 countries, plans to buy a copy of Business Insider online. The deal is valued at around $560 million, according to RE/Code.
In January of this year, the German publisher Axel Springer already bought a stake in Business Insider, and the total value of the post at the time was around US$ 200 million.
In September of this year, the Germans acquired a controlling stake in Business Insider and are now planning to buy the entire post.
In 2013, Business Insider’s revenue was $20 million and there is no recent data at this time. Also, there is no information about whether it is a profitable position or not. The total volume of investments raised by the company reached 57 million dollars.
In September of this year, Axel Springer sold its branch in Russia, which published for Forbes magazine and some other publications in the Russian market.
The Russian buyer was Artcom Media, and Axel Springer, which publishes about 150 different newspapers and magazines in 32 countries, planned to buy an internet business insider.
The deal is valued at around $560 million, according to RE/Code. In January of this year, the German publisher Azel Springer already bought a stake in Business Insider, and the total value of the post at the time was around US$ 200 million.
In September of this year, the Germans acquired a controlling stake in Business Insider and are now planning to buy the entire post.
In 2013, Business Insider’s revenue was $20 million and there is no recent data at this time. Also, there is no information about whether it is a profitable position or not. The total volume of investments raised by the company reached 57 million dollars.
In September of this year, Axel Springer sold its branch in Russia, which published for Forbes magazine and some other publications in the Russian market. Jupiter in the Russian Federation was Artcom Media.
