Politico will be sold to Axel Springer for over $1 billion
CNN
Axel Springer, the German media conglomerate, has agreed to buy the Washington-based Politico franchise for more than $1 billion.
Politico's tech news sibling Protocol is also included in the deal, which was announced Thursday morning. Axel Springer and Politico already work together on a joint venture in Europe. Building on that connection, the two sides started to talk in earnest about a deal earlier this summer. The Wall Street Journal revealed the talks earlier this month.More Related News