Reported 25 days ago
German billionaire Mathias Doepfner and KKR have reportedly reached a preliminary agreement to split Axel Springer, valuing the entire media company at approximately €13.5 billion. The deal would grant KKR majority control of Axel Springer's profitable classifieds sector, with discussions on the proposed structure expected soon. Although finalization could take months, an announcement is anticipated next week.
Source: YAHOO