Germany's Axel Springer signs deal to acquire Politico
Washington (AFP) - German publisher Axel Springer signed a deal to acquire the US-based news organization Politico, along with the remaining shares of their Politico Europe joint venture, the companies announced Thursday. Politico, which gained a reputation for insider Washington political reporting, will continue to operate as a separate entity with founder Robert Allbritton keeping his role as publisher, according to a joint statement. The deal calls for the German firm to acquire all of Politico's US operations and the 50 percent of Politico Europe it does not already own, as well as Politi...