OC&C advises Axel Springer on its acquisition of POLITICOWednesday, 1 September 2021 | News
We are pleased to congratulate Axel Springer on its acquisition of POLITICO. This transaction includes the remaining 50% share of its current joint venture POLITICO Europe as well as the technology news website Protocol. OC&C provided buy-side commercial diligence support to Axel Springer.
Launched in 2007, POLITICO has become one of the leading news & information sources in the world specialising in politics and policy while delivering steady revenue growth and profitability over its 15-year history. The business generates significant revenues from high-value B2B subscriptions and advertising to influential audiences through products including newsletters, digital advertising, events and podcasts. Together with INSIDER and Morning Brew, POLITICO will complement and strengthen Axel Springer’s existing digital publishing portfolio in the US and globally.
We are delighted to have supported Axel Springer with this transaction. We are leading advisors to executives and investors in the global media landscape. This transaction is the latest in a long line of cornerstone deals we have supported in the industry over the past decade.