After building an online media company that boasts 76 million unique visitors each month, former Wall Street analyst Henry Blodget and other investors at Business Insider will sell 88 percent of the business-focused web site for $343 million.
After losing bid for the Financial Times, Axel Springer lands Business Insider
The winning bidder is Berlin-based Axel Springer, which had previously owned 9 percent of Business Insider. The German media company that also owns German national newspapers Bild and DieWelt, a mass-circulation German daily, and has a significant stake in Ozy.com, an online magazine, as well as Mic.com, a news site focused on millennials.
Axel Springer has been working to broaden its...
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