Axel Springer and Partners Make New Investment in Group Nine Media
November 29 2017 - 5:02AM
Dow Jones News
By Max Bernhard
Axel Springer SE (SPR.XE) and its partners have made a follow-up
investment of 40 million dollars into Group Nine Media, a U.S.
operator of online video platforms, the company said Wednesday.
Group Nine Media is owned by Discovery Communications Inc.
(DISCA), Axel Springer and Lerer Hippeau Ventures.
"With this follow-on financing, we want to accelerate the
further growth of Group Nine Media", said Jens Mueffelmann, chief
executive of Axel Springer Digital Ventures.
Write to Max Bernhard at Max.Bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
November 29, 2017 04:47 ET (09:47 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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