You might have heard: Axel Springer is looking to increase its current 7 percent stake in Business Insider (Reuters)
But did you know: German publishing company Axel Springer is close to a deal to buy Business Insider for $560 million, Peter Kafka reports. Axel Springer bought a minority stake in Business Insider in January, and it was reported last week that Axel Springer was now looking to buy a controlling stake. Since 2007, Business Insider has raised $57 million, and it was valued at $200 million during its last funding round in January. Kafka reports that a deal between the two companies could close within the next few weeks.
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from American Press Institute http://ift.tt/1QvBLSN
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