Scout24 Gets $5.5 Billion Boost to Rival Axel Springer, EBay

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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 market. Bloomberg's Greg Jarrett reports the sweeten forty six year 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 Tobias Hartmann, Greg Jarrett, Bloomberg radio

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