EQT bids for Scout24

Nordic private equity house EQT has placed an offer to wholly acquire Deutsche Telekom's internet portal Scout24, according to local reports.

An offer for a straight buyout of Scout24 comes as a surprise, since Deutsche Telekom was reported to have only put a 30% share of the internet portal on the block in July.

Deutsche Telekom stated Scout24 has been undergoing a strategic business review since December 2012, with no fixed outcome yet.

unquote" first reported on the potential sale of Scout24 in January this year, when Axel Springer was a likely candidate to take over the internet portal for an estimated €1.8bn. Floating the firm was also seen as an option.

EQT declined to comment.

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