US-based private equity group KKR has announced an offer to buy the stakes in the German publisher Axel Springer from minority shareholders at €63 per share. The offer represents a 40 percent premium on the price of Axel Springer’s shares as of May 29, when the news about the negotiations between the parties first broke. […]
This week, Natalie Novick and Andrii Degeler discussed the new alliance of German publishers to fight Facebook and Google, the rise of mergers and partnerships across the continent, the importance of VC branding, enthusiasm for tech, and much more. We’ve also prepared an interview with Samsung NEXT’s Christina Bechhold Russ.
German publishing giant Axel Springer has increased its stake in the UK-based digital real estate platform Purplebricks to 26.6 percent by acquiring €49 million worth of stock “from various founding shareholders” at £1 per share. At the time of writing, Purplebricks was trading at £1.082 per share. Launched in 2014, Purplebricks bills itself as a […]
It’s been almost 15 years since the model of a startup accelerator as we know it was implemented for the first time by Y Combinator. With thousands of programmes that have mushroomed around the world over the years, the model doesn’t seem to age well. It’s mostly the first-tier accelerators that get a decent deal […]
Homeday, a Berlin-based online real estate agent, has secured a €20 million funding round from the VC firm Project A, the publishing house Axel Springer, and the British digital real estate platform Purplebricks. This funding round coincides with a larger deal, in which Purplebricks and Axel Springer are looking to purchase a 25.9 percent stake […]
Careship has raised €6 million in a funding round led by Creandum with participation from new and existing investors Ananda Ventures, Spark Capital, Atlantic Labs, and Axel Springer’s accelerator programme Plug and Play. The Berlin-based startup, founded by siblings Antonia and Nikolaus Albert, provides an online marketplace for elderly care services that’s powered by a […]
German publisher Axel Springer, Europe’s largest publisher, has backed Magic Leap, the US augmented reality company that’s raised nearly $2 billion from Google and Alibaba. The investment was made through the publisher’s investment arm, Axel Springer Digital Ventures. No figures were disclosed. Magic Leap’s chief product, Magic Leap One, a headset that delivers 3D images […]