Nov, 2016 : Major Stake of United Internet to be Sold

📅 November 11, 2016 - United Internet has announced they will sell a major stake in their web hosting business, which is headquartered in Montabaur, Germany. The company is a major player with many global brands including WEB.DE, GMX, 1&1, Arsys, Fasthosts and mail.com. The total number of customers tops 16 million combined.

The deal is reportedly worth $497 million, which is the price Warburg Pincus has agreed to pay. Warburg Pincus is headquartered in New York City and was established in 1966. They also have a presence in Brazil, India, China and Europe. They will acquire a 33% stake in United Internet's Business Applications Unit.

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