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Axel Springer SE is a European multinational mass and online media company, based in Berlin, Germany. The company is organized as a societas Europaea (SE) publishing house and is one of the largest mass media publishers in the European Union, with numerous multimedia news brands such as Business Insider, Politico, The Daily Telegraph, or the price comparison service Idealo.

https://en.wikipedia.org/wiki/Axel_Springer_SE

    • huppakee@lemmy.worldEnglish
      2·
      15 hours ago

      Can’t be bothered to get to the bottom of this but i was reading Axel Springers Wikipedia page (history section) and it seems they removed themselves from the stock exchange and sold off a large chunk of their business to their two largest investors in order to become fully privately owned. Not sure if they still holds a stake in that split-off part, but that seems to be the part Idealo belongs to.

      In July 2024, reports emerged that Axel Springer and private equity group KKR were in talks to potentially split the media conglomerate. The proposed deal would separate the group’s media assets, including Politico, Business Insider, Bild, and Die Welt, from its digital classifieds operations such as StepStone and Aviv. The split was confirmed in September 2024 and Axel Springer became a fully privately owned and operated media company.