Axel Springer Buys 88 Pct Of Business Insider

Business InsiderInterContinental Hotels Group Plc (IHG.L) said Chief Commercial Officer Keith Barr would succeed CEO Richard Solomons on the finish of next month, Solomons stepping down after running the business for six years.

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Many directors and … Read more

NYC Business Insider

Business InsiderFRANKFURT, Sept 29 German writer Axel Springer is to purchase an additional 88 p.c of stories website Business Insider for $343 million, increasing its stake to 97 percent and accelerating its push into digital, English-language content material.

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When Axel Springer acquired 88% of the corporate last September (bringing its total place to 97% when mixed with a stake it held from an earlier funding round), Ms. Hansen and Mr. Blodget each signed earn-out agreements requiring them to remain in their leadership roles with their payouts coming … Read more