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Axel Springer announced this morning that it will acquire Politico, as well as the remaining 50% share of its current joint venture Politico Europe and the tech news website Protocol, which launched in February 2020.
The financial specifics of the deal were not disclosed, but The Wall Street Journal has reported that sources close to the matter suggest the transaction has been valued at over $1 billion, nearly five times Politico’s $200 million in annual sales.
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