Media: Burda splits business into two companies
The media and investment divisions are to be legally separated in the future. This is likely to also simplify the media group's sales plans.
Burda, a media company, is splitting into two separate entities: Burda Media and Burda Equity. The split, to be completed by 2028, aims to create two focused companies, one for media and publishing, and the other for equity investments. The company's owners, including Hubert Burda and his children Jacob and Elisabeth, will retain their stakes in both companies through a holding company.
Burda's media brands include Focus and Bunte, while its equity investments include HolidayCheck, Cyberport, and Xing. The company is currently streamlining its equity investments, having previously sought buyers for Kununu and HolidayCheck.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
