POLITICO

Axel Springer will take control of Politico and its sister site, Politico Europe, as well as Politico’s tech news site, Protocol, a relatively new venture, the companies said. The deal, expected to close by the end of 2021, is valued at more than $1 billion, two people familiar with the matter said. The New York Times reported last week that Politico’s owner, Robert Allbritton, was seeking $1 billion for the deal. The companies did not disclose financial terms. Mathias Döpfner, the chief executive of Springer, described Politico as an “outstanding media company” that has “disrupted digital political journalism.” He added the importance of maintaining Politico’s “editorial independence and nonpartisan reporting.”