Sep 24
United Internet acquired 50% of Drillisch through 151,3 million Euro cash. Drillisch is one of the major shareholders of the Freenet Group (Freenet, Mobilcom, Strato).
The Drillisch holding currently owns “only” 6,01 % of shares but has the right to buy additional 18,49% shares of Freenet.
One reason for this deal is that United Internet wants to strengthen its position in the german DSL market (second behind T-Online). But above all this might be a nifty way to gain access over Strato that would then be integrated into 1and1. Now that would be an interesting “merger” !
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