NACD Board Leadership Conference NACD Chapter System

Axel Springer Purchases Stake in Uber

Axel Springer has purchased an ownership interest in the ride-sharing service Uber, according to (April 19, Bruno). Terms of the deal and the exact size of the stake were not disclosed. The German media company has stated that the investment is not strategic, but strictly financial. Springer has made "early-stage" investments in approximately 100 companies.

Abstract News © 2017 INFORMATION, INC.