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Axel Springer buys US eMarketer for $ 242 million

Written By DialyNews on Friday, June 10, 2016 | 8:46:00 AM

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© Reuters. Logo of German publisher Axel Springer is seen outside its headquarters in Berlin
FRANKFURT (Reuters) - Axel Springer said on Friday it had agreed to buy 93 percent of the US digital data analyst eMarketer market for about $ 242 million, continuing its movement in digital media.
The remaining shares will remain with the founders and management of the company.
The company had earnings before interest, taxes, depreciation and amortization (EBITDA) from $ 13.5 million last year on $ 45.5 billion in sales.