German publisher Axel Springer said on Tuesday it had signed a deal with General Atlantic which will see the U.S. private equity firm take a 30% stake in its online classified advertizing business, Reuters reported. General Atlantic will pay Springer 237 million euros ($313.6 million), and provide a 460 million euro loan.
(Reuters) – German publisher Axel Springer AG said on Tuesday it had signed a deal with General Atlantic which will see the U.S. private equity firm take a 30 percent stake in its online classified adverts business.
As part of the deal, which will create a new offshoot called Axel Springer Digital Classifieds GmbH, General Atlantic will pay Springer 237 million euros ($313.6 million) and give it a 460 million euro loan.
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.