OLD Media News

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.

Mariam Ahmed

Recent Posts

Reuters hires WSJ’s Hirtenstein

Reuters has hired Wall Street Journal reporter Anna Hirtenstein. She will start next month. Hirtenstein has…

3 hours ago

Moody joins Bloomberg as Americas news director

Caroline Gage, head of the Americas for Bloomberg News, sent the following announcement to staff:…

4 hours ago

Forbes senior editor Feldman switches to health care

Forbes senior editor Amy Feldman is now covering health care. She had been covering industrial innovation and…

4 hours ago

NY Times DC bureau chief Bumilller returning to reporting

New York Times executive editor Joe Kahn sent out the following on Thursday: Without a doubt, the…

6 hours ago

Reis joins SoFi for personal finance newsletter

Helen Reis has joined SoFi as deputy newsletter editor for its new On the Money…

8 hours ago

The FT is expanding its food and drinks coverage

The Financial Times has announced the appointment of Jay Rayner as restaurant critic, Tim Hayward…

9 hours ago