German publishing conglomerate Axel Springer SE is in talks to purchase digital-news outlet Axios, according to people familiar with the matter, a deal that would add to the company’s U.S. holdings.
Axios is seeking between $400 million and $450 million in a potential sale, according to a person familiar with a presentation to the company’s investors. There is no guarantee that Axios would receive that valuation in any eventual deal. Deal talks aren’t final and could still fall through, one of the people said, but they have gained momentum in recent weeks.
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