United Internet shares jump as CEO considers controlling stake

BERLIN: Shares in United Internet opened 5% higher on Friday after the company announced its founder and chief executive Ralph Dommermuth may buy a controlling stake for almost 600 million euros ($693.30 million).

Dommermuth is considering increasing his United Internet stake to 51% from the current 42% for 35 euros ($40.44) per share, the company said in a statement on Thursday evening.
The CEO is negotiating with a major bank and has not yet made a final decision, though he expects to present a potential offer in December, United Internet said.