Henry Blodget,founder of US-based digital media company, to stay on as German publisher boosts stake in from 9% to 97%
German publisher Axel Springer has acquired trade Insider in a deal valuing the company at $442m, or making it one of the largest digital publishing acquisitions to date.
Springer is paying $343m to acquire a further 88% of the company,having already taken a 9% stake during a funding round in January. The remaining 3% of shares are owned by the investment firm of Amazon founder Jeff Bezos.
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Source: theguardian.com