Axel Springer building a european IAC?
I’ve been complaining about the lack of M&A Activity in europe, lack of specialized M&A companies specializing in media/internet (like Montgomery & Co in the US) - But i have to say Axel Springer certainly seem to be on the hunt here, and they are starting to build up quite a wide portfolio of internet companies. I guess you can almost say there is similarities between Axel Springer and IAC as a holding company for a wide variation of companies (even though Axel Springer has long content background with newspapers).
Anyways i think it’s great that there is some M&A activity in europe and i hope they continue to buy companies, since it’s a great driver for more entrepreneurs to setup companies (not saying you should start a company with a exit in mind!).
