Bertelsmann Raises Cash to Fund Acquisition Drive

Posted by Joachim Bartels | Feb 4, 2013 | B2B Media, Bertelsmann, Germany | 0 |

Bertelsmann is on the prowl for acquisitions to accelerate growth. It intends to sell a 2 billion-euro ($2.7 billion) stake in broadcasting division RTL Group SA (RTL) to fund such acquisitions. Potential targets are said to include Deutsche Telekom AG (DTE)’s online classifieds business Scout24 Holding GmbH as well as Springer Science & Business Media.

Source: Businessweek.com

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.