Immonet gives Madsack stake in exchange for reach

27 Feb 2012

By Christo Volschenk
The fight for second place behind Germany’s number one real estate portal Immobilienscout24 took an unexpected turn today, when media group Axel Springer, owner of since 2003, gave Hanover-based me


Christo Volschenk

Christo Volschenk is managing editor of the news on and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.