The concern will also buy a 50% stake in the European division of the newspaper Politico Europe.
German media concern Axel Springer has signed an agreement to acquire the American newspaper Politico. This was announced on Thursday in a statement from the company.
It is specified that Axel Springer will also buy out 50% of the shares of the European division of the newspaper Politico Europe, which the German media company and the American publication founded in Brussels in 2014. Thus, the newspaper will be completely under the control of the concern.
The statement says that the amount of the transaction was not disclosed.