Axel Springer buys Business Insider for 300 million euros

German media giant Axel Springer said Tuesday it has agreed to buy the US website Business Insider for around 300 million euros ($336 million), two months after its failed attempt to take over the Financial Times. Axel Springer, which already holds a nine percent stake in Business Insider, said in a statement it had agreed to buy a further 88 percent share for 306 million euros. The other three percent would remain in the ownership of Bezos Expeditions, the investment company of Amazon founder Jeff Bezos.