New Work SE Agrees to Squeeze-Out by Majority Shareholder Burda Digital
Deal News | Jun 24, 2025 | Aim Group
New Work SE, the German-based parent company behind prominent job network Xing and the employer rating platform Kununu, has agreed to a squeeze-out request from its majority shareholder, Burda Digital SE. As a result of this decision, Burda Digital will acquire 100% of New Work SE, following the approval of the squeeze-out resolution at the company's latest annual general meeting. This transaction marks a significant strategic move for Burda Digital, aiming to consolidate its control over New Work SE. The company, with its assets in employment and employer rating platforms, is essential for Burda Digital’s business strategy.
Sectors
- Digital Media and Online Services
- Private Equity and Investment
Geography
- Germany – The location of New Work SE and Burda Digital SE, both of which are integral to the transaction discussed in the article.
Industry
- Digital Media and Online Services – Pertains to sectors involved in internet-based services, including job networks and employer rating platforms like Xing and Kununu, which are operated by New Work SE.
- Private Equity and Investment – Involves activities related to the acquisition of companies and the strategies surrounding buyouts, as demonstrated by Burda Digital's acquisition of New Work SE.
Financials
- 100% – Burda Digital SE aims to acquire a 100% stake in New Work SE through a squeeze-out transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| New Work SE | Target Company | Company | Parent company of job network Xing and employer rating platform Kununu, headquartered in Germany. |
| Burda Digital SE | Bidding Company | Company | Majority shareholder of New Work SE and digital arm of Hubert Burda Media, involved in media, digital, and technology sectors. |