Axel Springer Buys 88% of Business Insider for $343 Million

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  • Site founded by Henry Blodget lets publisher expand globally
  • Amazon.com founder Jeff Bezos to retain minority stake

Business Insider's Disruption of Internet Journalism

German media company Axel Springer SE agreed to take over Business Insider Inc. in a $343 million deal, accelerating its push into English-language news after losing out a bidding contest for the Financial Times two months ago.

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