Deutsche Telekom announced on Thursday that it would be selling its 70 percent stake of Scout24 to the SF-based Hellman & Friendman group while still retaining a 30 percent stake. The deal is worth 2 billion EU.
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The following bids, mergers, acquisitions and disposals were reported on Wednesday including Telefonica Deutschland, Devon Energy, Metro AG, Devon Energy Corp and others
Three unnamed sources told Bloomberg that Deutsche Telekom AG was approaching to close the sale of its digital-classifieds business Scout24 Holding to Hellman & Friedman LLC for EUR2 billion or USD2.7 billion, including debt.
Deutsche Telekom is nearing an agreement to sell 70% of its stake in German online-classifieds business Scout24 holding. It will be sold to private equity firm Hellman & Friedman in a deal that would value the business at EUR2 billion.
The following bids, mergers, acquisitions and disposals were reported on Monday.
GTS Central Europe would provide expanded services through landline infrastructure to its purchaser Deutsche Telekom.
To protect itself from spy intrusions, Deutsche Telekom is instituting local routing of domestic traffic.
Focus magazine reported that Deutsche Telekom would still choose a buyer for its online classified advertising business, Scout24.
Deutsche Telekom had applied for a sports betting license and is currently reviewed by the Interior Ministry of the German state of Hesse.
Slovakia would sell 800Mhz, 1,800Mhz and 2,600Mhz bandwidths which was expected to result to a new operator in the country.
SoftBank is in talks with Deutsche Telekom in possibly acquiring T-Mobile USA after Dish Network Corp. made counter offer for Sprint Nextel.
German book retailers join forces to capture larger share in German ebook market.
Bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies.
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