U.S.-based private equity firm Hellman & Friedman and rival Blackstone have offered to buy German online car marketplace Scout24 for 5.7 billion euros ($6.4 billion).
Scout24 said that its management and supervisory board supported the boosted bid of $51.9 a share from $49.1 per share.
The takeover offer is subject to a minimum acceptance threshold of 50 percent plus one share.
Scout24 also said that other groups have also vied to buy all or parts of its businesses.