KKR and Axel Springer Near €13.5 Billion Deal for Media Split

Reported 25 days ago

German billionaire Mathias Döpfner and KKR are reportedly close to finalizing a €13.5 billion deal to divide Axel Springer, focusing on giving KKR majority control over the company's lucrative classifieds sector. This deal, expected to be discussed at a supervisory board meeting, would solidify Döpfner's authority over various media outlets, including Politico and Bild.

Source: YAHOO

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