German Publisher Axel Springer to Buy Politico in Deal Reportedly Worth $1 Billion - NewsBreak

German publisher Axel Springer announced Thursday that it plans to acquire digital media site Politico. The companies did not disclose a price for the deal, but early reports value it at about $1 billion. Spokespeople for Axel Springer and Politico were not immediately available to comment on the valuation. The...