PE house circles Deutsche Telekom unit

The business is reportedly in talks with Axel Springer AG and an unnamed private equity firm over the sale, which could fetch as much as €1.8bn.

If the talks fail, Deutsche Telekom may look to float its subsidiary instead; however, this could prove difficult, as internet businesses tend to struggle in German markets at the moment. The company may also be looking at selling smaller stakes in the business, one local media report added.

Scout24 group is based in Munich and consists of a number of online marketplaces including ImmobilienScout24, AutoScout24 and JobScout24.

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