Urgent.News

What's breaking now, across thousands of outlets.

Business

Medien: Burda spaltet Geschäft in zwei Unternehmen auf

Der Medien- und Beteiligungsbereich sollen künftig rechtlich voneinander getrennt sein. Das dürfte auch Verkaufspläne des Medienkonzerns vereinfachen.

Original German Read in English

Medien: Burda spaltet Geschäft in zwei Unternehmen auf

The media company Burda has split into two legally independent entities: Burda Media and Burda Equity, the company announced on Tuesday. According to the statement, this separation aims to create "two robust, focused companies." The legal implementation is expected to be finalized by 2028 at the latest. The owners, Patriarch Hubert Burda and his two children, Jacob and Elisabeth, are set to maintain full ownership of both companies through a holding company.

Burda had already undergone internal restructuring last year, clearly separating the two business sectors. The most recognized brands in Burda's media portfolio are the magazines "Focus" and "Bunte." In its investment business, Burda is active with brands such as "HolidayCheck," "Cyberport," and Xing. The restructuring of the portfolio is being facilitated, especially in the investment sector, where Burda has been attempting to streamline itself.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at handelsblatt.com →

More in Business

More from Tuesday 20 October →