Axel Springer Acquires Business Insider for $343,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b277397c-e285-46a4-b753-637d09dbf6d1
Date
9/29/2015
Company Name
Business Insider
Mailing Address
119 5th Ave. New York, NY 10003 USA
Company Description
Business Insider is a new business site with deep financial, entertainment, green tech and digital industry verticals. The flagship vertical, Silicon Alley Insider, launched on July 19, 2007, led by DoubleClick founders Dwight Merriman and Kevin Ryan and former top-ranked Wall Street analyst Henry Blodget.
Website
http://www.businessinsider.com
Transaction Type
M&A
Transaction Amount
$343,000,000
Transaction Round
Proceeds Purposes
M&A Terms
Additional financial terms of the transaction were not disclosed by the companies.