German publishing giant Axel Springer to acquire US-based news website Politico for reportedly over €849.8M – Silicon Canals

Berlin-based media company Axel Springer announced that it has signed an agreement to acquire US-based Politico. The deal is reportedly worth over $1B (approx €849.82M). The transaction is expected to be closed in Q4 2021.

Axel Springer publishes newspapers, magazines, and digital sales channels. 

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