Reported about 7 hours ago
Axel Springer and KKR have successfully finalized the division of their media group. Axel Springer’s CEO Matthias Doepfner and the Springer family will maintain control over the media operations, including the German tabloid Bild and Politico. KKR, along with the Canadian pension fund CPP Investments, will take over the majority of the classified advertising business, particularly jobs portal Stepstone and property portal Aviv, with Axel Springer retaining a 10% stake.
Source: YAHOO