Axel Springer buys U.S. eMarketer for $242 million

Reuters News
Posted: Jun 10, 2016 4:29 AM

FRANKFURT (Reuters) - Axel Springer said on Friday it had agreed to buy 93 percent of U.S. digital market data analyst eMarketer for about $242 million, continuing its move into digital media.

The rest of the shares will remain with the company's founders and management.

The company had earnings before interest, tax, depreciation and amortisation (EBITDA) of $13.5 million last year on $45.5 million in sales.

(Reporting by Harro ten Wolde; Editing by Tina Bellon)