1. German Publishing Powerhouse Axel Springer Buys Business Insider for a Whopping $450 Million

    German Publishing Powerhouse Axel Springer Buys Business Insider for a Whopping $450 Million

    Business Insider, founded in 2007 by Henry Blodget, Dwight Merriman and Kevin Ryan, has been acquired by German publishing powerhouse Axel Springer for about $450 million.  Henry Blodget and Business Insider's President and COO Julie Hansen will remain at the helm. Axel Springer will own 97% of Business Insider while Jeff Bezos' investment arm will own the remaining 3%. Huffington Post co-founder Ken Lerer is joining Business insider's board of directors...

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