Shortly after Bertelsmann changed its corporate structure to allow for a modest offering of shares to the public–albeit a small stake, with limited or no influence over how the company is run–a source inside the company tells Germany’s financial newspaper Handelsblatt “a flotation is off the table as the family doesn’t want an IPO.” New ceo Thomas Rabe is the one who told press in March that the organizational change “opens up the option of raising equity from third parties,” noting that “clearly if we are going to make more strategic and sizable investments, then more capital will be required.” But […]
