Axel Springer SE, Europe’s biggest newspaper publisher, is working with JPMorgan Chase & Co. and Citigroup Inc. on an initial public offering of its digital- classifieds business, people familiar with the matter said.
Forbes Media LLC is drawing interest from acquirers including China’s Fosun International Ltd. and Singapore’s Spice Global Investments Pvt, with final offers for the magazine publisher due today, people with knowledge of the matter said.
Axel Springer AG , Europe’s largest newspaper publisher, said first-quarter profit before some items rose 6.5 percent as international and online-business revenue made up for a weaker German advertising market.
Axel Springer SE, Europe’s biggest newspaper publisher, said the online version of its flagship Bild daily has attracted more than 152,000 paying customers six months after the BILDPlus product was introduced.
Axel Springer AG , the publisher of Germany’s most popular newspaper, will restrict itself to “unspectacular” medium-sized acquisitions to expand without piling up debt, Chief Executive Officer Mathias Doepfner said.