Axel Springer acquires the remaining 15 percent in online classified ad company Axel Springer Digital Classifieds
Axel Springer, one of the world’s largest digital publishers in terms of reach, has acquired a 15 percent ownership interest in Axel Springer Digital Classifieds GmbH from General Atlantic, a leading global growth equity firm. Through this transaction, Axel Springer is the 100 percent holder of the Axel Springer Digital Classifieds, which includes StepStone, SeLoger, Immowelt/Immonet and yad2. As part of the transaction, General Atlantic will receive 8,955,311 new shares in Axel Springer SE. Thus, General Atlantic holds 8.3 percent in Axel Springer. The new shares are created on the basis of the authorized capital as agreed at the Annual General Meeting 2015.
Delivery Hero, the global leader in online and mobile food ordering, today announced the acquisition of Yemeksepeti in a transaction valued at US$589 million. This is the largest acquisition ever made in the online food ordering sector. The transaction further extends Delivery Hero’s position as the global market leader, now processing c. 10 million orders monthly which is far more than any other global player.
FlixBus and MeinFernbus become one. Germany’s two largest bus service start-ups plan to pool their strengths to build a pan-European bus network.Over the next few months, Berlin-based MeinFernbus and Munich-based FlixBus will be connecting their national networks to create a comprehensive range of routes. Together with their 160 medium-sized bus partners, both companies aim to take Europe by storm.
Axel Springer increases its share in the online classified ads business from 70 per cent to 85 per cent with the option to purchase the remaining 15 per cent. If the option is exercised, General Atlantic is to receive Axel Springer shares as consideration. Change of the legal form of Axel Springer SE to a KGaA (partnership limited by shares) is being prepared.
MeteoGroup, Europe’s leading weather data and forecasting business, is pleased to announce that global growth equity firm, General Atlantic LLC (“GA”), has signed an agreement to acquire MeteoGroup from PA Group.