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Axel Springer Buying TotalJobs For GBP110 Million

The German publisher will buy the UK’s No. 2 job classifieds site as it ramps up an offensive. Springer has been buying lots of such sites, including French property ads site SeLoger for €633 million. Last month, it targeted “a growth offensive in the area of digital classifieds”, bundling its existing portfolio of sites including StepStone in to a new joint venture, Axel Springer Digital Classifieds, with the General Atlantic Atlantic investment group. Springer holds 70% of the JV. TotalJobs audited traffic stands at a decade record of 289,072 daily average browsers.

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