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Axel Springer Buys Business Insider

axel_springer_logoAxel Springer has made good on earlier reports that it was close to buying business news site Business Insider. The company, which already owned a 9 percent stake, announced this morning that it’s buying another 88 percent for $343 million based on a full value of $442 million.

for the full story read Folio Mag and The FT

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