Burda invests in children’s magazine publisher Blue Ocean Entertainment
Hubert Burda Media has acquired a 50.1 per cent share of children’s magazine publisher Blue Ocean Entertainment.
Burda says the investment is intended to develop common synergies on the German market and also in digitalisation and international licensing.
Philipp Welte, board member of Burda said: “Blue Ocean Entertainment is an ideal partner for our group in the growing segment of magazines for children.”
Blue Ocean will continue to be run by co-founder Sigrun Kaiser as chair, and its headquarters in Stuttgart with around 75 employees will remain unaffected by the investment. The previous principle shareholder, Christian Neuber, will remain chairman of the supervisory board, which Burda now has two seats on. The transaction is subject to formal approval under cartel law.