
While the details of the deal haven’t been disclosed, people familiar with the matter said that the acquisitions took place for a record $1 billion.
Axel Springer is a media company engaged in publishing newspapers, magazines and digital sales channels.
Axel Springer SE is a German digital publishing house which is the largest in Europe, with numerous multimedia news brands, such as Bild, Die Welt, and Fakt and more than 15,000 employees. It generated total revenues of about €3.3 billion and an EBITDA of €559 million in the financial year 2015. The digital media activities contribute more than 60% to its revenues and nearly 70% to its EBITDA. Axel Springer’s business is divided into three segments: paid models, marketing models, and classified ad models.
Headquartered in Berlin, Germany, the company is active in more than 40 countries with subsidiaries, joint ventures, and licensing.
While the details of the deal haven’t been disclosed, people familiar with the matter said that the acquisitions took place for a record $1 billion.
Micropayments startup SatoshiPay has partnered with Europe’s largest digital publishing house, Axel Springer SE, to process blockchain payments for its content globally.