Springer Bids for Scout24 in New Digital Push: Sources
Posted: 8/7/2013 | By: Harro Ten Wolde and Arno Schuetze | Reuters
(Reuters) - Axel
Springer has made an offer for Deutsche Telekom's online classified
advertising business Scout24, sources said, in another push into digital
media that helped the German publisher beat earnings forecasts.
Springer, which publishes
Germany's top-selling daily "Bild", has teamed up with private equity
firm General Atlantic to bid for Scout24, two people familiar with the
transaction said. Scout24, valued at about $2 billion, includes Internet
portals such as European car trading site AutoScout24 and real estate
classifieds site ImmoScout.