Tag: axel springer

Axel Springer buys Logic-Immo for $115 million US

Axel Springer buys Logic-Immo for $115 million US

German media group Axel Springer acquired Paris-based Concept Multimedia, which operates France’s No. 3 property platform Logic-Immo, for €105 million ($115 million U.S.), according to a news release of Axel Springer. Axel Springer already owns SeLoger.com, France’s No. 2 property site, which it acquired in 2011 for €633 million ($850 million U.S.). The sale is subject to the approval of the French Competition Authority.

No end to classifieds victory march at Axel Springer

Germany’s Axel Springer released its results for FY2016 yesterday, and the overall message was unchanged from the nine-month period (our report here), namely the division classifieds was the star performer in the financial year. In fact, it was the only division to grow its revenue in FY2016.

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