Hengeler Mueller advises Axel Springer on sale of regional newspapers as well as TV program guides and women’s magazines to Funke Mediengruppe and on establishment of joint ventures

25. July 2013

Axel Springer AG and Funke Mediengruppe have agreed on selling regional newspaper groups Berliner Morgenpost and Hamburger Abendblatt as well as its TV program guides and women’s magazines to Funke Mediengruppe for EUR 920 m. In this context, joint ventures for distribution and marketing of printed and digital media shall be established.

Hengeler Mueller advises Axel Springer AG on this transaction. The Hengeler Mueller team includes partners Andreas Austmann, Carsten Schapmann (both Düsseldorf) and Nicolas Böhm (Berlin) (all M&A/Corporate) as well as senior associates Annika Clauss (Düsseldorf) and Jens Wenzel (Berlin) and associate Thomas Himmelmann (Düsseldorf).