Deutsche Telekom Is Said to Pick Buyout Firms for Scout Bids

Deutsche Telekom AG, Germany’s biggest phone company, selected four private-equity firms for the next round of bids for a stake in its Scout24 digital classifieds business, people familiar with the auction said.

Apax Partners LLP, TPG Capital, Hellman & Friedman LLC and Silver Lake Management LLC are still in the running for a 30 percent stake in Scout24, said the people, who asked not to be identified because the talks are private. The offers value the business at 1.6 billion euros ($2.1 billion) to 2 billion euros; final bids are due by next week, they said.