By Richard Hook2018-03-26T12:36:00
Online estate agency Purplebricks has announced a £125m investment from leading digital publisher Axel Springer to accelerate its US rollout and expand into new markets.
Springer is an international media company listed on the Frankfurt Stock Exchange with a €7bn market capitalisation and has bought into the company with a £100m new share subscription alongside £25m of ordinary shares, to give the firm an 11.5% holding in Purplebricks.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.