Axel Springer Close to Buying Business Insider, Re/code Reports

  • Transaction on sale could close within weeks, website says
  • Deal could value Business Insider at about $560 million

German publisher Axel Springer SE is nearing an agreement to acquire Business Insider in a deal that would value the online media company at about 500 million euros ($560 million), Re/code reported, citing unidentified sources familiar with the matter.

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