Article: Bank, PBL in bid for website.

Byline: Jesse Hogan

Aug 16, 2007 (The Age - ABIX via COMTEX) -- Macquarie Bank and Publishing & Broadcasting Limited (PBL) are trying to jointly acquire a 66.2% stake in a classifieds web site. Immobilien Scout is the leading real estate web site in Germany, and the Australian companies have offered to pay Stg357m ($A593.4m) for the majority stake. A purchase agreement has been negotiated with majority owner Aareal Bank, but minority partner, Deutsche Telekom subsidiary Scout 24, has first option over Aareal's holding. The deal is also subject to approval by the Immobilien board and the Federal Cartel Office in Germany.

Publication Date: 17 August 2007

...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!