APX Blackrock Apex Municipal Fund,

Deutsche Telekom AG (DTE.XE) has chosen four private equity firms to proceed with bids for a 30% stake in online classified advertising business Scout24, Bloomberg News reported Monday, citing people familiar with the auction.

Apax Partners, TPG Capital, Hellman & Friedman and Silver Lake were selected, Bloomberg reported.

The offers value Scout24 at 1.6 billion to 2 billion euros ($2.12 billion to $2.65 billion), the report said.

Full story at http://www.bloomberg.com/news/2013-09-09/deutsche-telekom-said-to-choose-tpg-apax-for-scout-bids.html

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