FEATURED: ‘ Axel Springer buys New York based Business Insider in $442m deal ‘

News stand, Berlin

#AceFinanceNews – Sept.29: German media company Axel Springer has announced it is buying financial news website Business Insider for $442m (£292m, €395m).

The company, which missed out in its attempt to buy the Financial Times from Pearson, was thought to have made a bid of around $560m before.

Business Insider, which has 76 million unique monthly visitors, is the newest addition to Axel’s portfolio, which is already significant in Germany. The company holds leading titles Die Welt and red-top tabloid Bild in its home country.

Business Insider

Former Wall Street analyst Henry Blodget, who founded Business Insider in February 2009, will remain in his position as CEO and editor-in-chief while the chief operating officer and president Julie Hansen will also continue in her roles.

Mathias Döpfner, chief executive of Axel Springer, said: “With the acquisition of Business Insider, we continue with our strategy to expand Axel Springer’s digital reach and, as previously announced, invest in digital journalism companies in English-speaking regions of the world. Business Insider has set new standards in digital business journalism globally.”

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ARTICLE ‘ Troika Tackling Ancient Greek Ritual of Tax Avoidance ‘

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#AceFinanceNews – Sept.29: It appears the Troika are trying to tackle an almost ancient ritual of tax avoidance in Greece. When the country was occupied by the Ottomans, tax avoidance was seen as a form of patriotism. Today, some politicians see it as a “national sport”.

Original Article: http://sputniknews.com/europe/20150929/1027718642.html

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#FUNDING: INDIA: ‘ Qualcomm Plans $150 Million Startup Fund ‘

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Mobile World Congress 2015 #AceFinanceNews – Sept29: Roll up, roll up, there’s more funding incoming for startups in India after Qualcomm announced plans to invest up to $150 million in strategic investments in the country.

Original Article: http://feedproxy.google.com/~r/Techcrunch/~3/6VP48bnOiFE/

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ARTICLE: ‘ UK mortgage lending surges by the most since 2008; more than 71,000 mortgages were approved in Britain last month ‘

#AceFinanceReport – Sept.29: UK mortgage lending surges by the most since 2008; more than 71,000 mortgages were approved in Britain last month.

Original Article: http://www.bloomberg.com/news/articles/2015-09-29/u-k-mortgage-lending-surges-most-since-the-financial-crisi

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#MARKETS: ‘ Global stocks extend sell-off, Tokyo down 4 percent ‘

Men walk past an electronic stock board of a securities firm in Tokyo, Tuesday, Sept. 29, 2015. Asian stock markets tumbled Tuesday, extending a global market sell-off triggered by grim corporate news, expectations of a Fed rate hike and jitters about China's economy. (AP Photo/Eugene Hoshiko)#AceMarketsNews – Sept.29: Asian stocks tumbled Tuesday, extending a global market sell-off triggered by grim corporate news, expectations of a Fed rate hike and jitters about China’s economy. European shares fell moderately while futures pointed to a bounce back on Wall Street.(AP)reported.

Original Article: http://news.yahoo.com/asian-stocks-extend-global-sell-off-tokyo-down-063341936.html

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