This post was originally published on this site
Axel Springer SE is in talks to purchase an ownership stake in Washington, D.C. publisher Politico, according to people familiar with the matter, a deal that would consummate a yearslong relationship between the two companies.
The deal talks aren’t final and could still fall through. The talks also include the possibility of a full buyout, the people said.
The German publisher teamed up with Politico in 2014 to launch Politico’s European edition the following year in a 50/50 joint venture. The operation is based in Brussels with offices throughout the continent.
Axel Springer, which owns the German newspapers Bild and Die Welt, has been adding to its U.S. media holdings in recent years. The company purchased Business Insider in 2015 for about $500 million and recently bought Morning Brew, a digital publisher that has focused largely on business.
An expanded version of this article appears on WSJ.com.
Popular stories from WSJ.com:
