Stepstone buys Totaljobs for €132 million

04 Apr 2012

By Christo Volschenk
Job portal Stepstone, a subsidiary of German media group Axel Springer, acquired Britain’s leading job portal from Reed Business Information for €132 million ($172 million U.S.), Axel Springer announced today. It was the first acquisition of a classifieds platform outside Germany since Axel Springer and General Atlantic (GA) formed a joint vent

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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.