Axel Springer To Buy Rest Of Stake in Germany’s Biggest Portal Bild.T-Online: Report
Axel Springer, one of the biggest media companies in Germany/Europe, is planning to buy Deutsche Telekom’s ( NYSE: DT ) 37 percent stake in Bild.T-Online that it does not own yet, reports Handelsblatt (via Thomson Financial). No financial details are known yet. Bild.de is among Germany’s biggest portal, and has 47 million visitors per month, according to the story. DT holds the stake in Bild.T-Online through its subsidiary T-Online...Axel owns the rest of it.