German billionaire and KKR near deal to split Axel Springer, granting KKR majority control of classifieds sector for €13.5B.

German billionaire Mathias Doepfner and KKR are close to finalizing a deal to split media giant Axel Springer, as reported by the Financial Times. The agreement would grant KKR majority control of Axel Springer's lucrative classifieds sector, valuing the company at €13.5 billion (approximately $15 billion). If approved, this move allows Doepfner to maintain a minority stake while KKR exits the news media division after acquiring Axel Springer in 2019.

7 months ago
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