Springer: Majority stake in job portal StepStone expanded
As part of a takeover bid that was finalized on Friday, Axel Springer acquired an additional 30.84 percent of StepStone's shares. The publishing company now holds a total of 83.61 percent of the shares in the job portal.
Axel Springer had already secured a majority stake in StepStone in September 2009 and subsequently published a takeover bid to all shareholders due to legal requirements. With the takeover of the job portal and provider of human capital management solutions, Springer is further expanding its digital business.
