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Politico to Be Acquired by Axel Springer in $1 Billion-Plus Deal

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announced Thursday. The deal is expected to close in the fourth quarter of this year. The companies said they would not disclose terms of the deal, but last week, the New York Times reported that publisher and founder Robert Allbritton was seeking as much as $1 billion for his media outlet, which generates annual revenues of about $200 million.

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