Scout24 sale: Asking price too high for Springer, Bertelsmann

18 Apr 2013
Germany's telecommunication giant Deutsche Telekom wants €2 billion ($2.6 billion U.S.) for its classifieds subsidiary Scout24, German media reported today.Media groups Axel Springer and Bertelsmann lost interest in Scout24, because of the asking price which they thought was "too high". Deutsche Telekom now considers going a different route, namely to sell up to 25 percent of Scout24 to an inv

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Christo Volschenk

Christo Volschenk is managing editor of the news on and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.