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ProSiebenSat.1, Axel Springer participate in internet fund

Tuesday 1 September 2015 | 12:20 CET | News
ProSiebenSat.1 Media Group and Axel Springer participate in the investment fund Lakestar II. During the term of the fund, both companies will, in the context of their common Digital Initiative, invest as one of the anchor investors a combined medium double-digit million EUR amount. In total, the considerably oversubscribed fund now has a capital of EUR 350 million. Lakestar II focuses on digital companies with significant growth potential in Europe and the US. The fund is led by Klaus Hommels. His investments in Facebook, Skype, Spotify, and Xing have made him one of the most successful

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Categories: Broadcast & Satellite / Internet
Companies: Axel Springer / ProSiebenSat.1
Countries: Germany
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