United Internet AG Announces Tender Offer for 1&1 AG Shares

On May 16, 2025, United Internet AG announced its decision to submit a voluntary public acquisition offer to 1&1 AG shareholders. The offer targets the purchase of up to 16,250,827 shares, representing about 9.19% of 1&1's share capital, that United Internet AG does not already own. With an offered price of EUR 18.50 per share, the bid represents a 20% premium over the previous day's closing price on XETRA and a 29% premium over the three-month average.

United Internet AG currently holds approximately 80.81% of 1&1 shares. The acquisition is not intended to lead to delisting or a squeeze out of 1&1 AG. No domination or profit and loss transfer agreement is planned. The offer document is pending approval from the German Federal Financial Supervisory Authority and will be accessible online.