Large online publications in bulk and individually: the German publisher will buy Business Insider for $ 560 million

Axel Springer, which publishes about 150 different titles of newspapers and magazines in 32 countries, has planned to purchase the online edition of Business Insider. The amount of the transaction is about $ 560 million, reports Re / code. In January of this year, the German publisher Azel Springer has already bought out a stake in Business Insider, and the overall assessment of the publication at that time was about $ 200 million.

In September of this year, the Germans received a controlling stake in Business Insider, and now they plan to buy out the publication entirely.

In 2013, the revenue of Business Insider was $ 20 million, more current data is currently not available. In addition, there is no information about whether it is a profitable publication or not. The total amount of investments attracted by the company amounted to $ 57 million.
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The publishing house Axel Springer in September of this year sold a subsidiary in Russia, which issued Forbes magazine and some other publications on the Russian market. The buyer in the Russian Federation was the company ARTCOM Media.