Springer to Buy Business Insider for $343 Million

Business Insider: Business Insider, founded in 2007 by Henry Blodget, Dwight Merriman, and Kevin Ryan, has been acquired by the German publishing powerhouse Axel Springer for about $450 million. Axel Springer already owned a portion of Business Insider from previous funding rounds. It is purchasing an additional 88% for $343 million, bringing its total ownership to 97%. Jeff Bezos’ investment arm will own the remaining 3%.