Politico owner Axel Springer strikes $15 billion deal with KKR to split off media business
Politico owner Axel Springer has reached an agreement with its top shareholder KKR to separate its portfolio of media assets from its fast-growing classified advertisements business.
Axel Springer Strikes Deal With KKR to Split Up Publishing Giant
The deal values all of Axel Springer at roughly $15 billion, with the company’s publishing assets worth about $4 billion.
Politico Owner Axel Springer to Split News Business From Classifieds
The German media company agreed with KKR, its largest shareholder, to split its classifieds business from its media operations. Find out more:
German media empire Axel Springer to split in deal with KKR
German media empire Axel Springer will be split in two under a deal between CEO Mathias Doepfner and private equity firm KKR, the company said on Thursday, securing the billionaire chief executive's control over news titles Bild and Politico.
German Media Giant Springer To Sell Classified Ads Business
German media giant Axel Springer said Thursday it will break up its business by selling off its digital classifieds arm to US and Canadian investors, and focus on its core news outlets.
Germany: Axel Springer splits media, classified businesses
The transaction is expected to close in the second quarter of 2025 and it is subject to regulatory approval. Axel Springer, Germany's most influential media group The company was founded by German businessman Axel Springer in 1946 in the city of Hamburg.
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