On Air Now

Current Show

Coast to Coast AM   12:00 AM - 5:00 AM

Contact Coast to Coast AM at 1-800-825-5033

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
56° Feels Like: 56°
Wind: NNW 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

PM Thunderstorms 77°

Tonight

Thunderstorms Early 52°

Tomorrow

Partly Cloudy 76°

Alerts

Deutsche Telekom lines up second adviser for Scout sale: sources

The logo of German company Deutsche Telekom is pictured at the CeBit computer fair in this file photo taken in Hanover, March, 6, 2012.REUTE
The logo of German company Deutsche Telekom is pictured at the CeBit computer fair in this file photo taken in Hanover, March, 6, 2012.REUTE

FRANKFURT (Reuters) - Deutsche Telekom is close to appointing Jefferies as second advisor for the sale of its online classified advertising unit Scout24, two sources close to the deal said.

The investment bank might work alongside Goldman Sachs, which Deutsche Telekom is also set to appoint, Reuters reported on Monday.

Europe's third-largest telecoms group behind Vodafone and Telefonica said late last year that it would evaluate the options for Scout24 to free funds for other investments.

Deutsche Telekom and Jefferies declined to comment.

(Reporting by Arno Schuetze; Editing by Peter Dinkloh)

Comments