M&A Deal Summary

Axel Springer Acquires Politico

On August 26, 2021, Axel Springer acquired digital media company Politico

Acquisition Highlights
  • This is Axel Springer’s 3rd transaction in the Digital Media sector.
  • This is Axel Springer’s 5th transaction in the United States.
  • This is Axel Springer’s 1st transaction in Virginia.

M&A Deal Summary
Date 2021-08-26
Target Politico
Sector Digital Media
Buyer(s) Axel Springer
Deal Type Add-on Acquisition

Target

Politico

Arlington, Virginia, United States
Politico is the global authority on the intersection of politics, policy, and power. It is the most robust news operation and information service in the world specializing in politics and policy, which informs the most influential audience in the world insight, edge, and authority. The company has grown to a team of 700 working across North America, more than half of whom are editorial staff. Politico Europe, its seven-year-old European edition has grown to nearly 200 employees. Politico was formed in 2007 and is based in Arlington, Virginia.

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Buyer(S) 1

Buyer

Axel Springer

Berlin, Germany
Category Company
Founded 1946
Sector Publishing
Employees16,233
Revenue 3.2B EUR (2018)
DESCRIPTION
Entrance to Axel Springer's corporate headquarters in Berlin.
Entrance to Axel Springer's corporate headquarters in Berlin.

Axel Springer is a publisher of newspapers and magazines. Axel Springer was founded in 1946 and is based in Berlin, Germany.

DEAL STATS #
Overall 9 of 9
Sector (Digital Media) 3 of 3
Type (Add-on Acquisition) 7 of 7
State (Virginia) 1 of 1
Country (United States) 5 of 5
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 Groupe La Centrale

Paris, France

Groupe La Centrale engages in auto, motorcycle, and boat content in the field of classified advertising and editorial. Groupe La Centrale is comprised of four brands through which it covers the entire lifecycle of a vehicle: La Centrale, Promoneuve, Caradisiac, and MaVoitureCash. Groupe La Centrale was founded in 1969 and is based in Paris, France.

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