Gruner + Jahr said in a statement Friday that, contrary to earlier indications from August, Bertelsmann will not buy up the remaining 25.1 percent in the company not already under its control. “In our intensive and constructive talks with Bertelsmann, we came to the conclusion that the challenges ahead for G&J can best be mastered together,” Jahr managing director Winfried Steeger, managing director of Jahr Holding said in the statement obtained by Bloomberg. Bertelsmann ceo Thomas Rabe added: “Bertelsmann will continue its more than 40 year long, successful relationship with the Jahr family. We are in a strong position to […]
