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media/telecom

Axel Springer to Buy Politico for More Than $1 Billion

By
Sahil Patel
· · Source: The Information

German media conglomerate Axel Springer has agreed to buy Politico, the prominent political news website, the companies announced this morning. The deal, which values Politico at more than $1 billion according to a person familiar with the matter, includes Axel Springer buying the remaining 50% share in the Politico Europe joint venture, which was formed by the companies in 2014, as well as...

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