Purplebricks, the flailing U.K.-based brokerage that has pulled out of Australia and is reviewing its U.S. operations, may have just received a lifeline. Axel Springer, the German media company behind Business Insider, said Monday that it would buy 43.7 million shares, doubling its stake in the company to 26 percent, according to Inman. In announcing the investment, which it paid a few dollars to executives for, Alex Springer said Purplebricks is a “the hybrid real […]
source https://therealdeal.com/national/2019/06/05/is-purplebricks-being-sold-a-german-company-just-bought-millions-of-shares-for-a-few-dollars/#new_tab
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