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Axel Springer Germany stars reports Inside Company Axel Springer Germany

Politico Acquired by German Media Company Axel Springer

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variety.com
variety.comvariety.com:

Todd Spangler NY Digital EditorGerman publishing group Axel Springer announced a deal to acquire Politico, the 15-year-old digital political news outlet.The price of the acquisition wasn’t disclosed.

Axel Springer’s deal for Politico includes the remaining 50% share of the companies’ current joint venture Politico Europe, as well as the tech news website Protocol.

The deal is expected to close in the fourth quarter of 2021, subject to regulatory approval.The deal comes less than a week after broadcast TV group Nexstar Media bought The Hill, a Politico competitor, for $130 million.Axel Springer is buying Politico from owner Robert Allbritton, who will continue as publisher of Politico and Protocol.

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