Facebook, German publisher Axel Springer strike global cooperation deal

Berlin: Axel Springer and Facebook Inc. have agreed on a global cooperation deal under which content from the German publisher will be featured on the social network and its Facebook News product.

The agreement reels in the last big holdout in Germany after Facebook signed up a string of publishers in March to provide content for its local news product on terms the publisher of the Bild tabloid dismissed at the time as derisory.