By Christo Volschenk
German media group Axel Springer bundled its successful classified platforms into a new subsidiary called Axel Springer Digital Classifieds (ASDC) and sold 30 percent of the company to General Atlantic (GA), a U.S. venture capital firm with big exposure to China, for €237 million ($310 million U.S.). Axel Springer and GA will manage ASDC as a joint venture, a
This content is part of our business intelligence service. Please click the button below to learn more.