Who Is Axel Springer, the Company Behind Business Insider's $343 Million Acquisition?

German publisher is on a U.S. spending spree

Axel Springer's $343 million acquisition of Business Insider this morning gives the German publisher 97 percent of the news site and events company. And it is the continuation of the Berlin-based company's rapid-fire investing in stateside digital media.

Since March 2014, Axel Springer has been the biggest investor in OZY.com, a news and culture site that counts Steve Jobs' widow, Laurene Powell Jobs, as an investor. And it's invested in Lerer Hippeau Ventures, the digital media fund of Huffington Post co-founder Ken Lerer and former CEO Eric Hippeau.

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