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Politico will be acquired by Axel Springer in a deal valued at more than $1 billion.



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Axel Springer’s headquarters in Berlin.Credit…Clemens Bilan/EPA, via ShutterstockPolitico, the Washington news site that has prospered for years as Beltway professionals gobbled up its scoops and inside-baseball-style reporting, will have a new owner.The German publishing giant Axel Springer agreed to buy Politico in a deal announced on Thursday that could shake up the Washington media scene.Springer will take control of Politico and its sister site, Politico Europe, as well as Politico’s tech news site, Protocol, a relatively new venture, the companies said. The deal, expected to close by the end of the year, is …

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