DGAP-Adhoc: Axel Springer acquires U.S. business news portal Business Insider




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29.09.15

DGAP-Adhoc: Axel Springer acquires U.S. business news portal Business Insider

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Axel Springer SE / Key word(s): Mergers & Acquisitions/Strategic Company Decision

29.09.2015 12:52

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad-hoc Announcement

Berlin, September 29, 2015

Ad-hoc Announcement in accordance with § 15 WpHG

Axel Springer acquires U.S. business news portal Business Insider

Today Axel Springer SE has, through a subsidiary, concluded a binding
agreement with Business Insider, Inc., based in New York, USA, on the
acquisition of approximately 88% of the shares in the company. The purchase
price based on 100% amounts to USD 442 million (currently approximately EUR
395 million) on the basis of a cash and debt free valuation of USD 390
million (currently approximately EUR 348 million). The valuation
corresponds to an amount of USD 343 million (currently approximately EUR
306 million) for the 88% of the shares that Axel Springer is acquiring.
Axel Springer already holds a stake of approximately 9 % in the company.
Bezos Expeditions, the personal investment company of Jeff Bezos, will hold
the further shares. Business Insider, Inc. operates one of the leading
digital offerings for business news globally under "businessinsider.com"
with 76 million monthly Unique Visitors (Comscore). Henry Blodget, Founder,
Chief Executive Officer and also Editor in Chief, and Julie Hansen, Chief
Operating Officer and President, will continue to lead the company in their
respective functions. They will also remain significantly invested in
Business Insider through an extensive, long-term equity incentive.

The transaction is an essential component of Axel Springer's strategy to
grow with digital journalistic offerings in English-language geographies.
In addition to the offering on "businessinsider.com" Business Insider
operates other topic-specific news services; internationally, the company
is currently represented with local editions or licenses in 7 other
countries besides the U.S.

The transaction is still subject to approval by the relevant antitrust
authorities.


29.09.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Axel Springer SE
Axel-Springer-Straße 65
10888 Berlin
Germany
Phone: +49 (0)30 2591-77421
Fax: +49 (0)30 2591-77422
E-mail: ir@axelspringer.de
Internet: www.axelspringer.de
ISIN: DE0005501357, DE0005754238
WKN: 550135, 575423
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart

End of Announcement DGAP News-Service

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Investor contact: Claudia Thomé
Tel: +49 30 2591 77421