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

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

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