The media company held a 50.1% stake in the running and cycling app developer, which has been bought by Adidas, having invested an undisclosed sum in 2013.
Digital publisher Axel Springer exited Austria-based fitness data app provider Runtastic yesterday when it was acquired by apparel producer Adidas for €220m ($239m).
Founded in 2009, Runtastic has built a suite of fitness and tracking apps for runners and cyclists, and wearable products including fitness trackers and heart monitors. It has accumulated 70 million registered users and its apps have been downloaded over 140 million times.
Runtastic will continue to operate from its Austria and San Francisco offices post-acquisition.
Austrian…
