The acquisition of the influential political news service ramps up Axel Springer's global reach.
August 30, 2021 at 12:01 AM
2 minute read
Correspondent, Düsseldorf
Freshfields is advising German publishing giant Axel Springer SE as the digital media company expands its European and American reach through the acquisition of influential U.S. political news service POLITICO and its European service.
Axel Springer will gain the brands through the acquisition of Allbritton, LLC, with the transaction expected to close by the end of 2021, according to a company statement.
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Politico Newspaper Stand in Washington, D.C. Credit: [F]oxymoron via Wikimedia Commons
