Axel Springer acquires leading Israeli classifieds portal yad2
Axel Springer Digital Classifieds (ASDC), the joint venture of Axel Springer and General Atlantic, acquires 100 percent of Coral-Tell Ltd. The company operates the leading classifieds portal yad2 (yad2.co.il) in Israel. The purchase price amounts to approximately EUR 165 million. The completion of the transaction is subject to approval by the competent authorities.