View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. The Wire
August 26, 2021updated 21 Oct 2022 1:05pm

Axel Springer buys Politico

By Press Association and Press Gazette

German publishing giant Axel Springer has announced the acquisition of Politico.

The deal size was not disclosed, but CNBC reported that it is worth around $1bn, citing sources.

It emerged earlier this month (see below) that Axel Springer was in talks to buy Politico.

The publisher, which also owns Insider and Morning Brew in the US, was reported to be in talks to acquire Axios earlier in the summer. According to CNBC, this deal is no longer on the cards.

As part of its takeover, Axel Springer will also be buying tech news website Protocol and the remaining 50% of Politico Europe, which it launched in 2014 as a joint venture with Politico.

Robert Allbritton, the founder of Politico and Protocol, will continue as publisher of the brands after the sale completes.

Source: Press release

Content from our partners
How PA Media is helping newspapers make the digital transition
Publishing on the open web is broken, how generative AI could help fix it
Impress: Regulation, arbitration and complaints resolution

Deal size: Reportedly around $1bn

Country: Germany/ US

Status: Official

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network