Deutsche Telekom nears Scout24 sale to Hellman & Friedman - Bloomberg

Deutsche Telekom is close to a deal to sell 70 percent of its online classified advertising business Scout24 to private equity firm Hellman & Friedman, Bloomberg reported. Citing unidentified sources, Bloomberg reported that the purchase would value the business, including debt, at about 2 billion euros ($2.71 billion) and that an announcement from the German telecoms firm could come this week.

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