According to several reliable online news sources, Deutsche Telekom has entered in a negotiation process for the sale of Scout24 Group with the Axel Springer AG. However, it still has not been confirmed that a deal has been reached. Apparently a private equity firm is also in the race, according to industry sources.
It is possible that this is “the deal of the year,” with an estimated 1.7 to 1.8 billion euros in question. But it’s still unclear whether either of the potential buyers are willing to pay that much.
Telekom may be considering alternative plans to break up the company and sell its assets separately. They currently own real estate portal Immobilienscout24 (thought by many to be Germany’s premier property portal), car sales site Autoscout24 and social networking site Friendscout24.
Deutsche Telekom sold the related job site Jobscout24 to US-based Careerbuilder in 2011. The entire Scout24 empire was purchased for 180m euros, back in 2003 from Beisheim Holding Schweiz. Alternatives to outright sale under consideration may include an IPO.