Axel Springer and KKR Near $13.5 Billion (€13.5B) Break-Up Deal

Sep 14, 2024, 06:35 PM

Axel Springer and KKR are nearing a deal to break up the media giant Axel Springer, valuing the company at $13.5 billion (€13.5B), according to reports from the Financial Times. German billionaire Mathias Döpfner and KKR are key figures in the negotiations. The deal would see KKR taking control of Axel Springer's €10 billion-plus classifieds business. The fundamental agreement was reportedly reached in the summer.