Bertelsmann Eyes More Deals Amid Strong Profit Rise

Bertelsmann plans to complete more sizeable acquisitions in the coming months following strong first-half earnings. CEO Thomas Rabe highlighted international expansion goals while addressing upcoming leadership transition plans.

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FILE PHOTO: Pencils with the logo of German media group Bertelsmann CEO are seen at the annual news conference Berlin, Germany, March 22, 2016. REUTERS/Fabrizio Bensch/File Photo

Bertelsmann plans to complete one or two more acquisitions in coming months, aiming to expand its media footprint. CEO Thomas Rabe outlined the growth strategy on Friday following a series of portfolio adjustments. The targeted dealmaking follows recent structural shifts across the Germany-based conglomerate.

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