Private equity firms win over Scout24 with improved $6.4 billion bid

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Germany's scout twenty four received a five and a half billion dollar boost from to US private equity firms as it battles Axel Springer and EBay for dominance of Europe's online classifieds Marquette. Bloomberg's Greg Jarrett reports the Sweden forty six year old share bid from Hellman and Friedman and Blackstone group which gives scout twenty four and equity value of four point nine billion euros will help the company better challenge rivals and grow across Europe. This according to scout twenty four chief executive officer

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