Axel Springer Eyes ‘Business Insider’

axel_springer_logoAxel Springer, the German publishing house that puts out Germany’s largest tabloid, Bild, is said to be considering buying U.S. online news publisher Business Insider, according to a report in Germany’s Manager Magazin.

business insiderThe German publisher already owns a 7% stake in Business Insider, Manager Magazin reports, and could pay up to 500 million euros (around $560 million) to acquire a controlling stake in BI, according to unnamed sources from financial institutions. Springer had no comment on the rumors.

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