German media company Axel Springer buys a stake in Uber

German media company Axel Springer is taking a financial stake in Uber. It’s an eyebrow-raising move by the media company, which in addition to owning German-publications like Die Welt and Bild, also owns Business Insider. “Uber is committed to providing reliable and accessible transportation that improves European cities by cutting congestion, pollution and parking,” an Uber spokesperson said. “The investment by renowned digital publisher, Axel Springer, is another example of a leading German company that shares this same vision.”

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German media company Axel Springer buys a stake in Uber

German media company Axel Springer is taking a financial stake in Uber. It’s an eyebrow-raising move by the media company, which in addition to owning German-publications like Die Welt and Bild, also owns Business Insider. “Uber is committed to providing reliable and accessible transportation that improves European cities by cutting congestion, pollution and parking,” an Uber spokesperson said. “The investment by renowned digital publisher, Axel Springer, is another example of a leading German company that shares this same vision.”

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