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After mulling sale, Business Insider raises funds

After rejecting an informal offer from AOL to sell its site, Business Insider is likely raising another round of financing from existing investors, including Jeff Bezos, Amazon's CEO, Re/code reported.

The business news site's co-founder Kevin Ryan had said before he'd be willing to sell it for $200 million. Since Ryan did not apparently get an offer for that price, Business Insider's is raising more money, Re/code reported.

To read more on the effort, read the full Re/code article

By Kara Swisher, recode.net.

CNBC's parent NBC Universal is an investor in re/code's parent Revere Digital, and the companies have a content-sharing arrangement.

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Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

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