Axel Springer, the German media company that owns Business Insider, and Germany's largest newspaper Bild, has purchased a stake in the ride-sharing service Uber, according to TechCrunch.

Both Uber and Axel have yet to comment on the specifics of the purchase. However, Axel has stated that the investment is not strategic but strictly financial, according to the report. 

A Springer spokesperson told the Wall Street Journal's Friedrich Geiger that the stake was "minimal," and also noted that the publishing company has made early-stage investments in around 100 companies.

(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)


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