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Axel Springer To Buy Stake In Business Insider For $343M (International Business Times)

by September 29, 2015 Industry

German digital publisher Axel Springer SE has agreed to buy an 88 percent stake in Business Insider, a New York-based online newspaper, as part of its move to expand its English-language offerings, according to a statement Tuesday. Axel Springer will pay $343 million for the stake, and would consolidate the European firm’s hold over the company,…