BERLIN : German media giant Axel Springer will establish a dedicated mergers-and-acquisitions team to look at firms specialising in artificial intelligence, CEO Matthias Doepfner said in an internal podcast to employees obtained by Reuters.The M&A competence centre 'needs to entirely focus on acquisitions
BERLIN : German media giant Axel Springer will establish a dedicated mergers-and-acquisitions team to look at firms specialising in artificial intelligence, CEO Matthias Doepfner said in an internal podcast to employees obtained by Reuters.
"Perhaps we make five picks and five times it doesn't work," Doepfner said of potential takeovers. But the strategy could also turn up Axel Springer's next StepStone, he added.
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