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Prosus Eyes Possible Bid for Germany’s Largest Online Auto Marketplace Mobile.de

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Dutch tech investment giant Prosus has shown early-stage interest in acquiring Mobile.de, Germany’s biggest online auto marketplace, according to sources familiar with the matter.

Current owners Permira and Blackstone are leaning toward an initial public offering (IPO) rather than an outright sale, but Prosus — through its classifieds division OLX — could enter the race depending on market conditions. The company’s tentative approach underscores growing competition for digital auto platforms across Europe.

The private equity funds have enlisted JPMorgan and Goldman Sachs to prepare Mobile.de for a potential IPO that could value the company at up to €10 billion ($11.7 billion), sources said. The listing could take place next year, though no formal sale process has yet begun.

Alongside Prosus, private equity groups EQT, Cinven, and Apax have also expressed interest, according to the report. All parties declined to comment.

Mobile.de’s parent company, Adevinta, was purchased by Permira and Blackstone in 2023 for around 141 billion Norwegian crowns. Since then, the new owners have begun breaking up Adevinta’s holdings, including selling its Spanish classifieds business to EQT and its Austrian subsidiary Willhaben to Sprints and Styria Media Group.

Prosus, the investment arm of South Africa’s Naspers, has recently expanded its automotive footprint, buying France’s La Centrale platform for €1.1 billion earlier this month.

The early-stage talks reflect the growing investor appetite for online vehicle marketplaces, which have proven resilient and profitable amid a broader slowdown in tech valuations.

OVHcloud Shares Plunge After 2026 Outlook Disappoints Despite Record €1 Billion Revenue

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OVHcloud (OVH.PA), Europe’s largest cloud provider, celebrated a major milestone on Tuesday as annual revenue surpassed €1 billion for the first time — yet its weaker-than-expected 2026 forecast sent investors fleeing. Shares plunged 18% by mid-morning, marking what could become the company’s biggest single-day drop ever if losses persist.

The firm reported 9.3% revenue growth for fiscal 2025, reaching €1.08 billion, with an EBITDA margin of 40.4%. However, its 2026 outlook disappointed the market: OVHcloud now expects organic revenue growth of just 5–7%, well below analyst projections of around 10%, according to Stifel and J.P. Morgan.

In response, the company pledged to improve profitability by targeting a higher core profit margin while maintaining capital expenditures at 30–32% of revenue to bolster its Webcloud segment. The results come as founder Octave Klaba returns as CEO, merging his chairman role to lead the company’s next phase of expansion. Klaba, who owns more than 80% of OVHcloud, previously served as CEO until 2018.

Klaba said the firm will focus on meeting rising AI-driven cloud demand and promoting European digital independence amid global tech rivalries. OVHcloud continues to expand globally, citing growing client bases in Canada, Singapore, and India, while remaining a key competitor to Amazon Web Services, Microsoft Azure, and Google Cloud.

By segment, Private Cloud accounted for 62% of sales, growing 8.5%, Public Cloud rose 17.5% (20% of revenue), and Webcloud increased 3.7% (18% of total). OVHcloud serves 1.6 million clients, including 1,200 enterprise customers generating over €100,000 in annual recurring revenue.

Deutsche Telekom Teams Up with Nvidia and Brookfield to Build AI Data Centre in Germany

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Deutsche Telekom is collaborating with Nvidia and Canadian private equity firm Brookfield to develop one of the European Union’s major AI “gigafactories” in North Rhine-Westphalia, Germany, CEO Tim Hoettges announced following the company’s Q2 earnings call.

While negotiations with North Rhine-Westphalia officials are ongoing, no final site decision has been made yet. The company is prioritizing locations with existing infrastructure approvals for electricity and water, aiming for a swift start once the site is confirmed. Hoettges mentioned ongoing discussions with energy provider RWE as part of the process.

Earlier this year, Deutsche Telekom had partnered with SAP, web hosting firm Ionos, and retailer Schwarz for EU data centre bids, though recent reports indicate these companies are now pursuing separate proposals. Hoettges emphasized healthy competition within Germany’s data centre market, dismissing speculation of joining other consortia.

The planned AI data centre aligns with growing efforts to boost European AI infrastructure capacity, with Deutsche Telekom positioning itself alongside key tech and investment partners to capitalize on surging AI demand.