Those companies which have German publisher Axel Springer on the shareholder register are probably feeling pretty good about their prospects in life right now.
Axel Springer is buying Business Insider valuing the business, with 72 million users, at $442m, only eight months after Axel Springer led a $25m funding round for the business. It also clearly still has money to spend on acquisitions. The move comes after Axel Springer attempted to buy newspaper Financial Times, which was sold to Nikkei for $1.2bn.
Business Insider is the biggest corporate venturing investment we have tracked by Axel Springer but is also one of a number since 2011 (see chart using our data subscription service GCV Analytics, currently in beta).
Analysis by news provider Re/Code suggests Business Insider is also valued at six times 2016 revenues, and nine times projected 2015 revenues. Doubtless venture-backed content companies are also feeling pretty happy about the valuations being granted the right digital assets.