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Axel Springer Acquires Business Insider

European media conglomerate Axel Springer has announced a deal to acquire U.S.-based news and events company Business Insider for about $343 million. The addition of Business Insider’s 76 million unique monthly visitors will increase Axel Springer’s worldwide digital audience by two-thirds. http://variety.com/2015/digital/news/axel-springer-buys-business-insider-343-million-1201604768/ #EntertainmentBiz

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