Report: Axel Springer Negotiating To Buy Axios

Media firm Axel Springer is trying to purchase Axios, The Information reported Friday.

Axel Springer is a German media firm that owns Insider, a majority stake in Morning Brew, in addition to a number of European media manufacturers together with the German version of Rolling Stone and POLITICO.eu.

Axios was launched in 2017 by Jim VandeHei and Mike Allen. 

Allen declined to debate the cope with The Hill and as an alternative referred inquiries to the corporate’s media spokesperson, who additionally declined to remark.

An Axel Springer spokesperson additionally declined to reply questions concerning the deal from The Hill. 

In March, rumors surfaced that Axios may merge with the subscription-based sports activities media firm The Athletic to kind a bigger digital media firm.

However, that deal reportedly failed to materialize in early Might and The Athletic started contemplating a cope with The New York Occasions.

The rumored acquisition is just the most recent deal involving digital media manufacturers at the moment being thought-about. 

On Might 10, information leaked of a proposed merger between Vice Media and funding firm 7GC & Co Holdings.

The following day, an analogous story broke about BuzzFeed acquiring digital lifestyle publisher Complex Networks in a deal that may even have it merge with a particular acquisition firm and go public.

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