Deutsche Telekom may sell T-Online to Axel Springer - report

News Broadband Germany 22 DEC 2014
Deutsche Telekom may sell T-Online to Axel Springer - report
Deutsche Telekom plans to shed its T-Online news portal and is negotiating its possible sale to the Axel Springer group, according to a report on the WirtschaftsWoche website. It cited sources close to the company as saying talks were already under way but at an early stage. When approached by WirtschaftsWoche, neither company would comment. T-Online portal had 374 million vistors in  November 2014, making it by far the most popular one in Germany, ahead of eBay with 314 million visitors, Bild.de with 295 million and Spiegel Online with 200 million.

WirtschaftsWoche said Deutsche Telekom might not sell all the T-Online activities, possibly keeping the e-mail accounts. Buying T-Online would broaden Springer's reach, commented WirtschaftsWoche, and Springer's 'Bild' and 'Die Welt' publications could supply the content for it. Any potential deal would come under the scrutiny of the Federal Cartel Office, it said.

Categories:

Internet

Companies:

T-Online,  Deutsche Telekom,  Axel Springer

Countries:

Germany

Tags:

Portals / social media, M&A buyouts & divestments

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