Axel Springer may purchase ownership stake in Politico
Axel Springer SE, the German publisher, is in talks to buy an ownership stake in Politico, with a possibility of a full buyout, as per sources who spoke to The Wall Street Journal.
However, the talks are not yet final.
Axel Springer partnered with Politico in 2014 to launch Politico’s European edition the following year in a 50/50 joint venture. As per Politico publisher Robert Allbritton, the company was not commenting on deal talks, adding:
“the company might seek to eventually combine Politico and Politico Europe into a single publication.”
Axel Springer has been adding to its U.S. portfolio by purchasing Business Insider in 2015, and recently buying Morning Brew, a digital publisher that has focused largely on business.
Read more here.