Reported 24 days ago
German billionaire Mathias Döpfner and investment firm KKR are reportedly nearing an agreement to split Axel Springer, valuing the company at around €13.5 billion ($15 billion), including over €10 billion for its classifieds segment. The announcement could come this week as negotiations, ongoing for months, approach resolution. This separation would conclude a nearly five-year partnership that transitioned Axel Springer to private ownership.
Source: YAHOO