Deutsche Telekom to pick Scout24 buyer from 4 bidders - magazine
BERLIN, Sept 21
BERLIN, Sept 21 (Reuters) - German phone company Deutsche Telekom will pick a buyer for its online classified advertising business Scout24 from four private equity firms, Focus magazine reported on Saturday.
Bidders Apax, Silver Lake, Hellman & Friedman and TPG Capital must submit final bids by the end of October, the weekly magazine said, without citing a source.
The price range for Scout24 continues to be 1.5-2.0 billion euros ($2.03-2.70 billion), according to Focus.
A spokesman for Bonn-based Deutsche Telekom didn't immediately return a call seeking comment.
German publisher Axel Springer has dropped out of the race but was still hoping to get the nod, the magazine said, citing unnamed sources in the industry. ($1 = 0.7402 euros) (Reporting by Andreas Cremer; editing by Ron Askew)
- South Korea recovers first bodies from inside sunken ferry |
- Special Report: How the U.S. made its Putin problem worse
- Vice-principal of South Korea school in ferry disaster commits suicide |
- Japan expands army footprint for first time in 40 years, risks angering China
- Mediator heads to east Ukraine, seeking surrenders |