Burda Digital SE Initiates Squeeze-out of New Work SE Minority Shareholders

On February 18, 2025, Burda Digital SE formally notified New Work SE of its intention to perform a squeeze-out. Burda, holding 97.07% of New Work shares, plans to acquire the remaining minority shares. This move requires approval during a general meeting, following section 327a of the Stock Corporation Act.

The cash settlement value offered to minority shareholders will be communicated in a detailed notice once determined. This step further consolidates Burda's control over New Work, a significant player in the digital sector. The broader implications of this acquisition strategy remain to be seen as Burda solidifies its position in the market.