Axel Springer, KKR near $13.5 billion break-up deal

By The Hill | Sep 14, 2024 at 04:40 PM EST

German publisher Axel Springer and investment firm KKR are close to a $13.5 billion deal to divide the media company. KKR would gain control of classifieds business. The split aims to address controversies and give control to Axel Springer's CEO, Döpfner.

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