VENTURE CAPITAL POST

A new joint venture had been announced Tuesday between Bild tabloid publisher Axel Springer and Korean electronics group Samsung, for mobile media including news.

Adidas bought Runtastic, a fitness tracking app for €220 million (equivalent to $240M) from Axel Springer, the company's strategic partner in Germany.

New York, US-based firm Forbes Media attracted the attention of six different bidders including Germany-based multimedia company Axel Springer.

The following bids, mergers, acquisitions and disposals were reported on Monday including Forbes, Axel Springer, MidCap Financial LLC, Goldman Sachs and others.

A business magazine reported that Gerhard Cromme would leave the board of Axel Springer to concentrate on his role at Siemens.

German publisher Axel Springer withdrew from the race to bid for 30% of Deutsche Telekom's Scout24.

German publisher, Axel Springer, said that they will sell their magazines, regional newspaper and program guides to Funke Mediengruppe for EUR900 million.